Wedbush dropped their Q2 2018 earnings per share (EPS) estimates for shares of Lennar in a note issued to investors on Thursday, April 5th, according to Zacks Investment Research.
Past 5 years growth of LEN observed at 1.70%, and for the next five years the analysts that follow this company is expecting its growth at 25.42%. The stock now has an average rating of Buy and an average price target of $71.40. A month ago, analyst EPS consensus estimated earnings of US$1.19 per share.
LEN has been the subject of a number of other reports. Credit Suisse Group raised shares of Lennar from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $67.00 to $81.00 in a research report on Monday, January 22nd. Finally, Deutsche Bank reduced their price target on shares of Lennar from $68.00 to $65.00 and set a "hold" rating for the company in a research report on Tuesday, April 10th. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. JPMorgan Chase reissued an "overweight" rating and issued a $77.00 target price on shares of Lennar in a report on Tuesday, February 13th. Sterne Agee CRT upgraded Lennar Corporation (NYSE:LEN) on Tuesday, January 19 to "Buy" rating.
Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. The company presently has an average rating of "Buy" and an average target price of $71.40. LEN stock after floating settled at 56.94. After a recent check, we can see that the 52-week high is now 71.82, and the 52-week low is presently 49.73. Forward P/E is a measure of the price-to-earnings ratio using forecasted earnings for the P/E calculation for the next fiscal year. During the same quarter past year, the company posted $0.59 earnings per share. Lennar had a return on equity of 11.65% and a net margin of 6.84%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter past year, the business posted $0.59 EPS. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue increasing by 27.50%. The stock grabbed 141 new institutional investments totaling 15,837,565 shares while 63 institutional investors sold out their entire positions totaling 917,461 shares. Global X Management Co. Itau Unibanco Holding S.A. acquired a new position in shares of Lennar in the 4th quarter valued at about $103,000. The company exchanged hands with 6269934 shares contrast to its average daily volume of 5.22M shares while its relative volume stands at 1.2. Finally, Gotham Asset Management LLC acquired a new position in shares of Lennar during the fourth quarter valued at approximately $207,000. Cubic Asset Mngmt Ltd Liability has 0.13% invested in Lennar Corporation (NYSE:LEN). Md Sass Investors Services Inc who had been investing in Lennar Corp for a number of months, seems to be less bullish one the $18.34 billion market cap company. Cambridge Investment Research Advisors Inc. grew its position in Lennar by 1.8% during the fourth quarter. The stock's price to sales ratio for trailing twelve months is 1.36 and price to book ratio for the most recent quarter is 1.11, whereas price to cash per share for the most recent quarter are 17.52. Corient Capital Partners LLC raised its holdings in Lennar by 6.8% during the 4th quarter. The company's Market capitalization is $18.81B with the total Outstanding Shares of "Outstanding". Lennar Corporation institutional proprietorship is held at 75.2% and beta stands at 1.23. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for.
In the transaction dated April. 06, 2018, the great number of shares disposed came courtesy the Director; Hudson Sherrill W disposed a total of 2,500 shares at an average price of $62.98, amounting to approximately $157,450. The disclosure for this sale can be found here. The brokerage now has an "outperform" rating on the construction company's stock.
Multiple company employees have indulged in significant insider trading.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. The ex-dividend date is Tuesday, April 24th.
Lennar Corporation (LEN) has an annual dividend of $0.16, while its annual dividend yield is 0.28%. Lennar's dividend payout ratio is now 4.20%.