New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
11:43 EDTLENLennar maintaining goal to deliver between 21K-22K homes for 2014
Says in Q1, has seen "clear signs" that volume is returning to the market even as severe weather made conditions difficult. began to see both traffic and sales volume begin a steady month by month improvement throughout the quarter. Says inventories are likely to remain constrained. Says all business well positioned for the future. Says will continue to see cost increases in some of the material, most notably drywall, lumber and siding that will begin to impact Q2 deliveries. Expects to be able to increase community count by 15% over the course of FY14. Anticipates that construction of development pipeline will be completed over the next four years. Sees net community count for the year at 600-625. Comments made during the company's Q1 earnings conference call.
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.
March 13, 2015
13:46 EDTLENLennar March volatility elevated into Q1 and outlook
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