It has been about a month since the last earnings report for Lennar (LEN) . Shares have added about 14.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Lennar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Lennar Q2 Earnings & Revenues Beat Estimates, Orders UpLe ...

Key TakeawaysShares of home builders sank after Citi downgraded Lennar and D.R. Horton and cut the price targets of five firms in the sector.Citi said soft housing data could persist for the rest of 2024.The analysts cut their ratings on both Lennar and D.H. Horton from Buy to Neutral. Shares of several home builders tumbled Tuesday after Citi downgraded Lennar (LEN) and D.R. Horton (DHI), citing concerns about a housing market it says may stay sluggish for the rest of the year. Citi cut its ratings on the ...

Homebuilding stocks Lennar Corp (NYSE:LEN) and DR Horton Inc (NYSE:DHI) are lower today, after Citigroup downgraded both names to "neutral" from "buy," while also trimming their price targets to $164 from $174 and $156 from $181, respectively, due to their risk/reward ratios. LEN also was downgraded by Raymond James to "market perform" from "outperform."Lennar stock was last seen down 2.4% to trade at $142.38, and earlier hit its lowest level since December. The equity is poised to close below its 200-day m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ To _______ Commission File Number: 1-11749 Lennar Corporation (Exact name of registrant as specified in its charter) Delaware 95-4337490 (State or other ...

Lennar NYSE: LEN shares fell 5% to a multi-month low after setting tepid guidance for Q2. However, the move is overblown in light of the guidance, full-year outlook, cash flow, and robust capital return. The market could move lower before it moves higher, but a rebound is expected soon and will likely take the market to a new high.Get Lennar alerts:Lennar Builds More Than Homes, It Builds ValueLennar TodayLENLennar$148.72 -7.79 (-4.98%) 52-Week Range$102.90▼$172.59Dividend Yield1.34%P/E Ratio10.11Price Targ ...

Resilient demand stemming from a post-pandemic home shortage has fueled the strong stock performance of many homebuilders in recent years with Lennar Corporation (LEN)  standing out among the pack.Although Lennar exceeded its fiscal second quarter top and bottom-line expectations after-market hours on Monday, its stock fell -5% in today’s trading session which may coincide with profit-taking amid weaker-than-expected EPS guidance. That said, let’s see if the post-earnings dip is a buying opportunity with Le ...

jetcityimage Introduction It's time to talk about home builders - one home builder in particular. The Lennar Corporation (NYSE:LEN) is America's second-largest home builder and one of the best-performing S&P 500 (SP500) stocks over the past five years. Going back to 2019, LEN shares have more than tripled, outperforming the S&P 500 by more than 100 points. Data by YCharts This surge was supported by massive housing shortages. Even elevated rates could not keep home builders from flying, which was simply ...

Lennar Corporation (NYSE:LEN) Q2 2024 Earnings Conference Call June 18, 2024 11:00 AM ET Company Participants David Collins - Vice President and Controller Stuart Miller - Executive Chairman and Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer and President Diane Bessette - Chief Financial Officer Bruce Gross - Chief Executive Officer of Lennar Financial Services Conference Call Participants Stephen Kim - Evercore ISI Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Alan Ratner - Zelman ...

Lennar (LEN) stock is lower Tuesday after the homebuilder beat analysts' expectations for its fiscal second-quarter results but issued a soft deliveries outlook for its fiscal third quarter.In the three months ended May 31, Lennar's revenue increased 9% year-over-year to $8.8 billion. The boost in sales was driven by a 15% jump in deliveries to 19,690 homes, while new orders were up 19% to 21,293 homes. Lennar also said earnings per share (EPS) rose 14.6% from the year-ago period to $3.45.Subscribe to Kipli ...

Lennar Corporation (LEN) reported second-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate. On a year-over-year basis, both the top and bottom lines increased, given the company’s emphasis on maintaining a steady production rate to drive sales momentum. Lennar strategically utilized pricing, incentives, marketing expenditure and dynamic pricing insights to ensure steady sales volume despite fluctuations in interest rates.However, the company’s shares plung ...