CRT Capital Upgrades Lennar (LEN) to Buy
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Lennar (LEN) Investors Overly Focused on Interest Rates, Says Goldman
June 26, 2013 10:19 AM EDTFollowing positive Q2 results yesterday, Goldman Sachs maintained a Neutral rating on Lennar (NYSE: LEN) with a modified price target of $37.50 (from $36.00). Analyst Eli Hackel thinks investors are overly focused on interest rates.
"We believe investors are overly focused on the... More
Traders Already Trimming Profits in Lennar (LEN) Following Q2 Results
June 25, 2013 3:47 PM EDTAmid Lennar (NYSE: LEN) reporting solid quarterly results earlier on the session, some traders are already taking profits... More
Too Soon To Gauge Effect of Rising Mortgage Rates on Home Prices (LEN) (PHM) (TOL)
June 25, 2013 1:53 PM EDTThis morning Lennar (NYSE: LEN) reported Q2 results that topped estimates. This helped lift shares homebuilder stocks, including PulteGroup, Inc. (NYSE: PHM) and Toll Brothers Inc. (NYSE: TOL). Above consensus results from Case-Shiller's... More
Lennar Corp. (LEN) Tops Q2 Views as Sales Rise 53%; Fundamentals Remain Strong
June 25, 2013 6:17 AM EDTLennar Corp. (NYSE: LEN) reported Q2 EPS of $0.61, including a partial reversal of the state deferred tax asset valuation allowance of $0.18, versus analyst estimate of $0.33. Revenue for the quarter came rose 53% to $1.4 billion versus the consensus estimate of $1.33 billion.
New home deliveries, excluding unconsolidated entities, increased to 4,449 homes in the second quarter of 2013 from 3,192 homes in the second quarter of 2012. There was an increase in home deliveries in all of the Company's Homebuilding segments and Homebuilding Other. The average sales price of homes delivered increased to $283,000 in the second quarter of 2013 from... More
