New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
06:09 EDTLENLennar reports Q1 EPS 35c, consensus 28c
Reports Q1 revenue $1.36B, consensus $1.28B. Q1 EPS included a $45.9M tax provision. Reports Q1 home deliveries up 13% to 3,609 homes. Reports Q1 new orders up 10% to 4,465 homes. Reports Q1 new orders dollar value of $1.5B. Reports Q1-end backlog up 15% to 5,662 homes. Stuart Miller, CEO of Lennar, said, "We are extremely pleased with our operating results in Q1. Despite harsh weather conditions that impacted sales and construction during the quarter in some of our markets, we were able to achieve healthy year over year increases in both new orders and deliveries. Additionally, an 18% increase in average sales price and continued momentum from our land acquisition strategy drove gross and operating margin increases by over 300 basis points to 25.1% and 13.2%, respectively, the highest first quarter gross and operating margin in the company's history."
News For LEN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 19, 2015
11:52 EDTLENLennar says "enthusiastic" about prospects for Rialto
Subscribe for More Information
11:23 EDTLENLennar sees strong top, bottom line growth for 2015
Subscribe for More Information
11:22 EDTLENLennar says still on track to deliver 23,500-24,000 homes for 2015
Still expects apartment unit to be profitable for FY. Says still on track to deliver 23,500-24,000 homes for 2015. Severe weather conditions has delayed some construction activities, will slightly reduce backlog conversion ratio. Still expects gross margins for FY to average 24%, Q4 highest gross margin percent for year. Says increasing goal for financial services for FY due to strong refinance environment, now expects to earn $95M-$100M for FY. Sees FY range of profits for Rialto $30M-$40M for FY, heavily weighted to Q4. Sees FY15 effective tax rate in mid-34% range. Says active community count on track to hit 675 by end of 2015.
11:10 EDTLENLennar says housing market continuing slow, steady recovery
Subscribe for More Information
06:03 EDTLENLennar reports Q1 EPS 50c, consensus 45c
Subscribe for More Information
March 18, 2015
15:20 EDTLENNotable companies reporting before tomorrow's open
Subscribe for More Information
13:13 EDTLENLennar March volatility elevated into Q1 and outlook
Lennar March call option implied volatility is at 84, April is at 33, May is at 28; compared to its 26-week average of 31 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on March 19.

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

I agree to the disclaimer & terms of use