$0.45 EPS Expected for Lennar Corporation (LEN)

June 14, 2018 - By Julie Dion

Lennar Corporation (NYSE:LEN) LogoInvestors sentiment increased to 2.09 in Q1 2018. Its up 0.84, from 1.25 in 2017Q4. It improved, as 50 investors sold Lennar Corporation shares while 100 reduced holdings. 92 funds opened positions while 221 raised stakes. 274.75 million shares or 32.49% more from 207.37 million shares in 2017Q4 were reported.
Sun Life Finance has 73 shares for 0% of their portfolio. Shell Asset Mngmt Company holds 0.02% or 17,945 shares. Quantitative Systematic Strategies Ltd Limited Liability Company holds 16,149 shares. Moreover, Northwestern Mutual Wealth Management has 0% invested in Lennar Corporation (NYSE:LEN) for 783 shares. Advantus Capital invested 0.04% of its portfolio in Lennar Corporation (NYSE:LEN). 231,750 were reported by Chevy Chase Hldgs. Amer Gp has invested 0.02% in Lennar Corporation (NYSE:LEN). Cibc Asset Mgmt has invested 0.01% in Lennar Corporation (NYSE:LEN). Verition Fund Mgmt Ltd accumulated 6,566 shares. First Natl Tru holds 8,302 shares. Anchor Bolt Limited Partnership holds 1.66% or 693,520 shares in its portfolio. Td Asset Inc has invested 0.01% in Lennar Corporation (NYSE:LEN). Palisade Management Lc Nj holds 0.11% of its portfolio in Lennar Corporation (NYSE:LEN) for 57,431 shares. Advisor Prtnrs Ltd Liability Co reported 0.07% of its portfolio in Lennar Corporation (NYSE:LEN). Gemmer Asset Limited Liability Com has invested 0% in Lennar Corporation (NYSE:LEN).

Since January 2, 2018, it had 0 insider purchases, and 16 insider sales for $22.28 million activity. $131,565 worth of stock was sold by BOLOTIN IRVING on Friday, April 6. BESSETTE DIANE J sold $695,000 worth of Lennar Corporation (NYSE:LEN) on Tuesday, January 16. McCall Jeffrey Joseph sold 50,888 shares worth $2.74 million. The insider SUSTANA MARK sold 125,000 shares worth $8.69 million. $157,450 worth of Lennar Corporation (NYSE:LEN) was sold by GERARD STEVEN L on Friday, April 6. The insider Gilliam Theron I sold 2,089 shares worth $131,565.

Analysts expect Lennar Corporation (NYSE:LEN) to report $0.45 EPS on June, 19.They anticipate $0.46 EPS change or 50.55 % from last quarter’s $0.91 EPS. LEN’s profit would be $144.82 million giving it 29.16 P/E if the $0.45 EPS is correct. After having $1.11 EPS previously, Lennar Corporation’s analysts see -59.46 % EPS growth. The stock decreased 4.01% or $2.19 during the last trading session, reaching $52.49. About 5.77 million shares traded or 42.29% up from the average. Lennar Corporation (NYSE:LEN) has risen 5.00% since June 14, 2017 and is uptrending. It has underperformed by 7.57% the S&P500.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 15 analysts covering Lennar Corp (NYSE:LEN), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Lennar Corp has $99.0 highest and $60.0 lowest target. $74.36’s average target is 41.67% above currents $52.49 stock price. Lennar Corp had 20 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Buy” rating by Susquehanna given on Thursday, January 4. The rating was maintained by Credit Suisse with “Outperform” on Thursday, April 5. The firm has “Neutral” rating given on Friday, December 29 by Wedbush. The rating was upgraded by Barclays Capital to “Buy” on Wednesday, February 7. Credit Suisse maintained Lennar Corporation (NYSE:LEN) on Thursday, January 11 with “Hold” rating. As per Wednesday, January 3, the company rating was maintained by Wedbush. Maxim Group maintained Lennar Corporation (NYSE:LEN) on Wednesday, May 23 with “Buy” rating. JP Morgan upgraded Lennar Corporation (NYSE:LEN) on Tuesday, February 13 to “Overweight” rating. On Tuesday, January 2 the stock rating was upgraded by Wells Fargo to “Outperform”. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by UBS on Wednesday, January 17.

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company has market cap of $16.89 billion. The firm operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily divisions. It has a 14.11 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 notable recent Lennar Corporation (NYSE:LEN) news were published by: Gurufocus.com which released: “Wall Street High Wednesday Premarket” on June 13, 2018, also Bizjournals.com with their article: “Fintech Opendoor raises $325 million from heavy hitters to fuel national expansion” published on June 13, 2018, Streetinsider.com published: “Lennar Corp. (LEN) June option implied volatility ticks up as shares sell off as Fed raises rates” on June 13, 2018. More interesting news about Lennar Corporation (NYSE:LEN) were released by: Bizjournals.com and their article: “San Francisco Shipyard releases new homes amid controversy over botched environmental cleanup. Will buyers come?” published on June 14, 2018 as well as Streetinsider.com‘s news article titled: “US homebuilders fall as rate hike looms” with publication date: June 13, 2018.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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