$0.82 EPS Expected for Lennar Corporation (LEN)

March 15, 2018 - By Max Morgan

 $0.82 EPS Expected for Lennar Corporation (LEN)
Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.28, from 1.2 in 2017Q2. It dropped, as 44 investors sold Lennar Corporation shares while 148 reduced holdings. 45 funds opened positions while 132 raised stakes. 187.83 million shares or 0.17% more from 187.51 million shares in 2017Q2 were reported.
Caisse De Depot Et Placement Du Quebec owns 0.01% invested in Lennar Corporation (NYSE:LEN) for 65,843 shares. Guggenheim Limited Liability invested 0.12% in Lennar Corporation (NYSE:LEN). Asset Mgmt Advisors Ltd Liability holds 3.93% or 81,507 shares in its portfolio. Cipher Capital Ltd Partnership reported 0.09% of its portfolio in Lennar Corporation (NYSE:LEN). Proshare Advisors Limited Liability Company stated it has 57,588 shares. Contravisory Invest Management holds 4,823 shares. Sterling Mgmt reported 0.52% stake. American Assets Invest Mgmt Limited Liability accumulated 0.5% or 47,745 shares. Asset Management invested 0.03% of its portfolio in Lennar Corporation (NYSE:LEN). Regentatlantic Capital Limited Com reported 0.02% in Lennar Corporation (NYSE:LEN). First Trust Ltd Partnership reported 0.04% stake. State Board Of Administration Of Florida Retirement System reported 255,335 shares. Covington Capital Mgmt reported 100 shares stake. Ngam Advsr Lp has invested 0.05% in Lennar Corporation (NYSE:LEN). Hutchin Hill Ltd Partnership holds 0.02% or 8,300 shares.

Since October 2, 2017, it had 0 buys, and 9 sales for $16.82 million activity. The insider JAFFE JONATHAN M sold $1.06 million. The insider Collins David M sold 5,000 shares worth $355,750. SUSTANA MARK sold 125,000 shares worth $8.69M. BESSETTE DIANE J sold $695,000 worth of stock or 10,000 shares.

Analysts expect Lennar Corporation (NYSE:LEN) to report $0.82 EPS on April, 9.They anticipate $0.23 EPS change or 38.98 % from last quarter’s $0.59 EPS. LEN’s profit would be $260.40 million giving it 18.26 P/E if the $0.82 EPS is correct. After having $1.29 EPS previously, Lennar Corporation’s analysts see -36.43 % EPS growth. The stock decreased 1.09% or $0.66 during the last trading session, reaching $59.9. About 3.36 million shares traded. Lennar Corporation (NYSE:LEN) has risen 19.91% since March 15, 2017 and is uptrending. It has outperformed by 3.21% the S&P500.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 25 analysts covering Lennar (NYSE:LEN), 22 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Lennar had 69 analyst reports since September 22, 2015 according to SRatingsIntel. On Friday, January 15 the stock rating was upgraded by UBS to “Buy”. The rating was upgraded by Sterne Agee CRT on Tuesday, January 19 to “Buy”. The rating was upgraded by Raymond James to “Outperform” on Monday, June 27. The stock of Lennar Corporation (NYSE:LEN) has “Positive” rating given on Wednesday, March 30 by Susquehanna. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 13 report. The firm earned “Market Perform” rating on Thursday, September 29 by Wells Fargo. Citigroup maintained the shares of LEN in report on Wednesday, October 4 with “Neutral” rating. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Tuesday, March 22 by Evercore. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 25. The rating was initiated by Wedbush on Tuesday, September 20 with “Neutral”.

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company has market cap of $19.02 billion. The firm operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily divisions. It has a 17.72 P/E ratio. The Company’s homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land.

More recent Lennar Corporation (NYSE:LEN) news were published by: Prweb.com which released: “Lennar Palm Atlantic Announces New Leadership Team Following $9.3B Merger …” on March 12, 2018. Also Zacks.com published the news titled: “Lennar vs. DR Horton: Which Makes a Better Housing Pick?” on March 14, 2018. Benzinga.com‘s news article titled: “Lennar Corporation receives 8 FAME awards” with publication date: March 14, 2018 was also an interesting one.

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