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Stock Market & Financial Investment News

News Breaks
March 20, 2014
13:42 EDTMDC, DHI, KBH, BZH, RYL, HOV, LENLennar drops despite reporting 'excellent' land positions through FY15
Shares of homebuilding company Lennar (LEN) are dropping slightly after the company reported better-than-expected first quarter earnings per share and revenue, along with guidance of "excellent" land positions through FY15. WHAT'S NEW: Lennar reported Q1 EPS of 35c, which was well above analysts' consensus of 28c, but included a $45.9M tax provision. The company reported Q1 revenues of $1.36B, above analysts' consensus of $1.28B, and noted that Q1 home deliveries were up 13%. Lennar reported Q1 new orders were up 10% and its Q1-end backlog was up 15%. The company's CEO, Stuart Miller, said that Lennar is "well positioned to capitalize on the recovering market" and believes the housing market is still in the early stages of overall recovery. WHAT'S NOTABLE: During the company's Q1 earnings conference call, Lennar said it is maintaining its goal to deliver between 21K-22K homes for FY14. It said that there has been "clear signs" in Q1 that volume is returning to the market even as severe weather made conditions difficult. The company noted that inventories are likely to remain constrained, but it believes that all of its business segments are well positioned for the future. The company expects that cost will continue to increase in some of the material, most notably drywall, lumber and siding which will begin to impact Q2 deliveries. Lennar anticipates that construction of development pipeline will be completed over the next four years. PRICE ACTION: During afternoon trading, shares of Lennar fell by $1.09, or 2.64%, to $40.25. OTHERS TO WATCH: Other publicly traded homebuilders include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), KB Home (KBH), M.D.C. Holdings (MDC), and Ryland Group (RYL).
News For LEN;BZH;DHI;HOV;KBH;MDC;RYL From The Last 14 Days
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July 5, 2015
13:39 EDTBZH, LENBeazer Homes shares 'could be headed for a fall,' Barron's says
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June 30, 2015
12:47 EDTHOVHovnanian management to meet with UBS
Meeting to be held in Boston on June 30 hosted by UBS.
June 26, 2015
09:35 EDTLENLennar implied volatility of 23 at lower end of index mean range
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June 25, 2015
15:26 EDTLENGabelli raises stake in Lennar Class B shares to 10.42%
10:11 EDTKBHOptions with decreasing implied volatility
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June 24, 2015
16:21 EDTLENOn The Fly: Top stock stories for Wednesday
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11:56 EDTLENLennar says sees industry consolidation
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11:39 EDTLENLennar says seeing pricing power 'pretty much across the board'
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11:26 EDTLENLennar now expects to deliver 24,000-24,500 homes for 2015
Says "on track" with FY gross margin goal of 24%. Says strategy aimed at rental market. Doesn't see refinance activity continuing at pace of 1H. Now expects to deliver 24,000-24,500 homes for 2015, an increase from prior guidance of 23,500-24,000 homes. Says increasing goal for financial services earnings to $100M-$110M for FY, sees some cooling in refinance market in 2H. Sees FY range of profits for Rialto $30M-$40M for FY, heavily weighted to Q4. Sees FY tax rate 34%-34.5%. Expects to reach 675 net communities by end of year. Sees strong top, bottom line growth for 2015.
11:11 EDTLENLennar: Downside in housing market 'very limited,' upside 'very significant'
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10:19 EDTKBHOptions with decreasing implied volatility
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09:35 EDTLENActive equity options trading on open
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09:10 EDTLENOn The Fly: Pre-market Movers
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06:09 EDTLENOptions expected to be active
Options expected to be active: NFLX SYY MU MON NKE BBBY LEN NBG GREK
06:03 EDTLENLennar reports Q2 deliveries up 21% to 6,015 homes
Reports Q2 new orders up 18% to 7,271 homes. Reports Q2 new orders dollar value up 28% to $2.6B. Reports Q2 backlog up 18% to 8,073. Reports Q2 backlog dollar value up 23% to $2.9B.
06:01 EDTLENLennar reports Q2 EPS 79c, consensus 64c
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June 23, 2015
14:57 EDTLENNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Monsanto (MON), consensus $2.06... Lennar (LEN), consensus 64c.
14:32 EDTLENLennar technical comments ahead of earnings news
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07:28 EDTLENLennar recent weakness a buying opportunity, says Morgan Stanley
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