New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
13:42 EDTKBH, BZH, RYL, HOV, LEN, MDC, DHILennar 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
Sign up for a free trial to see the rest of the stories you've been missing.
February 26, 2015
09:53 EDTBZHBeazer Homes management to meet with JPMorgan
Subscribe for More Information
February 25, 2015
10:01 EDTRYLOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:59 EDTRYLRyland Group initiated with a Buy at BofA/Merrill
Target $52.
February 23, 2015
09:59 EDTRYL, BZHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:09 EDTBZHBeazer Homes downgraded to Neutral from Buy at Compass Point
Subscribe for More Information
09:09 EDTRYLRyland Group downgraded to Neutral from Buy at Compass Point
Compass Point downgraded Ryland Group to Neutral citing the recent rally in shares. Price target remains 47.
February 19, 2015
09:32 EDTMDCM.D.C. Holdings initiated with an Underperform at BofA/Merrill
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use