US homebuilder Lennar beats Q1 profit estimates amid sustained demand for new homes
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Lennar (LEN) PT Raised to $144 at Jefferies, 'Gross margins expected to move higher'
March 15, 2024 10:36 AM EDTJefferies analyst Collin Verron raised the price target on Lennar (NYSE: LEN) to $144.00 (from $136.00) while maintaining a Hold rating.
The analyst comments "Gross margins expected to move higher in steady-state rate environment. Homes sales gross margin is expected to expand by ~70... More
Lennar (LEN) PT Raised to $177 at BTIG
March 15, 2024 7:16 AM EDTBTIG analyst Carl Reichardt Jr. raised the price target on Lennar (NYSE: LEN) to $177.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "LEN reported 1Q24 EPS of $2.57, which beat our $2.20 estimate and consensus of $2.21. While the quarter was strong and the guide was relatively in line, shares... More
Lennar (LEN) PT Raised to $175 at Wells Fargo
March 15, 2024 5:20 AM EDTWells Fargo analyst Deepa Raghavan raised the price target on Lennar (NYSE: LEN) to $175.00 (from $165.00) while maintaining a Overweight rating.
The analyst comments "GM% is again in focus, w/ FQ2 guide (22.5%) necessitating a 2H ramp (tough if rates don't... More
Lennar (LEN) PT Raised to $238 at Evercore ISI
March 15, 2024 3:40 AM EDTEvercore ISI analyst Stephen Kim raised the price target on Lennar (NYSE: LEN) to $238.00 (from $224.00) while maintaining a Outperform rating.
The analyst comments "Lennar (LEN) reported 1Q24 (February) adjusted diluted EPS of $2.58, ahead of our $2.22 estimate and Street consensus of $2.21. All figures exclude a $5.1mm mark-to-market loss related to its investments in HIPO, SMRT, OPEN, NOVA, BLND and SOND, which decreased EPS by -$0.01. Overall, the company produced strong results and... More
