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Lennar Corporation

LEN.N

Latest Trade

59.73USD

Change

0.09(+0.15%)

Volume

467,061

Today's Range

59.39

 - 

60.27

52 Week Range

37.29

 - 

62.63

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Lennar Corp Declares Quarterly Cash Dividend Of $0.04 Per Class A and B Shares

Oct 3 (Reuters) - Lennar Corp <LEN.N>::LENNAR CORP - DECLARED A QUARTERLY CASH DIVIDEND OF $0.04 PER SHARE FOR BOTH CLASS A AND CLASS B COMMON STOCK.

Lennar Says Housing Market Seems Solid And Strong, Continues To Improve

Oct 2 (Reuters) - Lennar Corp <LEN.N>::(OFFICIAL)-LENNAR CORP EXPECTS Q4 DELIVERIES BETWEEN 15,800 HOMES TO 16,000 HOMES (NOT 18,500 HOMES TO 16,000 HOMES).LENNAR CORP EXPECTS Q4 DELIVERIES TO BE BETWEEN 15,800 TO 16,000 HOMES.LENNAR CORP - COMBINATION OF LOWER INTEREST RATES, SLOWER PRICE DEPRECIATION POSITIVELY IMPACTED AFFORDABILITY STRENGTHENING Q3 SALES - CONF CALL.LENNAR CORP - NOT GIVING SPECIFIC GUIDANCE FOR 2020 AT THIS TIME BUT OPTIMISTIC ABOUT THE PROSPECTS FOR NEXT YEAR - CONF CALL.LENNAR CORP - ENTRY LEVEL MARKET ACCOUNTS FOR ABOUT 40% OF BUSINESS, WILL CONTINUE TO INCREASE AS MORE FIRST TIME BUYER COMMUNITIES COME ONLINE.LENNAR CORP - Q3 2019 GROSS MARGINS WERE IMPACTED BY LOWER AVERAGE SALES PRICES AS WE TARGET MORE FIRST-TIME HOMEBUYERS, LOWER-PRICED HOMES.LENNAR CORP EXPECTS Q4 GROSS MARGIN TO BE IN THE RANGE OF 21.25% TO 21.5% AND SG&A TO BE IN THE RANGE OF 7.7% TO 7.8%.LENNAR CORP EXPECTS Q4 NEW ORDERS TO BE BETWEEN 12,200 AND 12,400 HOMES.LENNAR CORP SAYS ON UPCOMING POTENTIAL RECESSION, HOUSING MARKET IN GENERAL SEEMS SOLID AND STRONG AND CONTINUES TO IMPROVE.

Lennar Corp Posts Q3 Revenue of $5.9 Billion

Oct 2 (Reuters) - Lennar Corp <LEN.N>::LENNAR REPORTS THIRD QUARTER EPS OF $1.59.Q3 EARNINGS PER SHARE $1.59.Q3 REVENUE $5.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.48 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $1.32 -- REFINITIV IBES DATA.QUARTER-END BACKLOG OF 18,908 HOMES - DOWN 2%.QUARTER-END BACKLOG DOLLAR VALUE OF $7.6 BILLION - DOWN 9%.REVENUES FROM HOME SALES INCREASED 2% IN Q3 OF 2019 TO $5.3 BILLION FROM $5.2 BILLION IN Q3 OF 2018.QTRLY DELIVERIES OF 13,522 HOMES, UP 7%.QUARTER-END DELIVERIES OF 13,522 HOMES - UP 7%.NEW HOME DELIVERIES, EXCLUDING UNCONSOLIDATED ENTITIES, INCREASED TO 13,513 HOMES IN Q3 OF 2019 FROM 12,600 HOMES.AVERAGE SALES PRICE OF HOMES DELIVERED WAS $394,000 IN Q3 OF 2019, COMPARED TO $415,000.QTRLY NEW ORDERS OF 13,369 HOMES - UP 9%; NEW ORDERS DOLLAR VALUE OF $5.2 BILLION - UP 3%.LENNAR - CONTINUE TO BELIEVE BASIC UNDERLYING HOUSING MARKET FUNDAMENTALS OF LOW UNEMPLOYMENT, HIGHER WAGES AND LOW INVENTORY LEVELS REMAIN FAVORABLE.

Lennar Says U.S. Tariffs On Chinese Goods Are A Headwind - Conf Call

June 25 (Reuters) - Lennar Corp <LEN.N>::SAYS EXPECTS TO SEE MARGIN IMPROVEMENT THROUGH REMAINDER OF FY 2019 AS INCENTIVES SUBSIDE - CONF CALL.SAYS Q2 GROSS MARGINS WERE AT LOWER END OF CO'S GUIDANCE, DUE TO "GREATER-THAN-EXPECTED" INCENTIVES USED DURING THE MARKET SLOWDOWN TO MAINTAIN VOLUME - CONF CALL.SAYS U.S. TARIFFS ON CHINESE GOODS HAS BEEN A HEADWIND; ON AVERAGE, THE IMPACT FOR LENNAR IS ABOUT $500 PER HOME - CONF CALL.EXPECTS Q3 NEW ORDERS BETWEEN 12,500 AND 12,800 HOMES.EXPECTS Q3 DELIVERIES BETWEEN 13,000 AND 13,250 HOMES.EXPECTS Q3 AVERAGE SALES PRICE TO BE BETWEEN $385,000 AND $390,000.EXPECTS Q3 GROSS MARGIN TO BE IN THE RANGE OF 20.25% TO 20.5%.EXPECTS Q3 SG&A TO BE IN THE RANGE OF 8.3% TO 8.4%.EXPECTS Q3 EPS RANGE OF $1.25 TO $1.35.EXPECTS FULL YEAR AVERAGE SALES PRICE ABOUT $400,000.EXPECTS FULL YEAR GROSS MARGIN IN RANGE OF 20.5% TO 21%.EXPECTS FULL YEAR SG&A IN THE RANGE OF 8.3% TO 8.4%.EXPECTS FULL YEAR FINANCIAL SERVICES EARNINGS SHOULD BE IN THE RANGE OF $200 MILLION TO $205 MILLION.EXPECTS FULL YEAR MULTIFAMILY EARNINGS IN THE RANGE OF $8 MILLION TO $10 MILLION.Q3 EARNINGS PER SHARE VIEW $1.52 -- REFINITIV IBES DATA.SAYS HIGH END COASTAL MARKETS PARTICULARLY THE SAN FRANCISCO BAY AREA AND ORANGE COUNTY ARE A BIT SLUGGISH AND "HEAVILY INFLUENCED BY WHAT'S BEING IMPACTED WITH THE CHINESE BUYER".

Lennar Reports Second Quarter EPS Of $1.30

June 25 (Reuters) - Lennar Corp <LEN.N>::LENNAR REPORTS SECOND QUARTER EPS OF $1.30.Q2 EARNINGS PER SHARE $1.30.Q2 REVENUE $5.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.1 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.14 -- REFINITIV IBES DATA.QTRLY DELIVERIES OF 12,729 HOMES - UP 5%.QTRLY NEW ORDERS OF 14,518 HOMES - UP 1%.QTRLY NEW ORDERS DOLLAR VALUE OF $5.8 BILLION - DOWN 4%.QUARTER-END BACKLOG DOLLAR VALUE OF $7.7 BILLION - DOWN 10%.QTRLY BACKLOG OF 19,061 HOMES - DOWN 3%.THROUGH Q2, HOMEBUYING MARKET SOLIDIFIED AND WAS SUPPORTED BY FAVORABLE UNDERLYING FUNDAMENTALS.Q2 RESULTS BENEFITED FROM BOTH Q1 DELIVERIES POSTPONED BY WEATHER AS WELL AS A RECOVERING HOUSING MARKET.REVENUES FROM HOME SALES INCREASED 4% IN Q2 OF 2019 TO $5.2 BILLION FROM $5.0 BILLION IN Q2 OF 2018.DURING Q2, CONTINUED TO EXPERIENCE COST PRESSURES DUE TO LAND AND LABOR SHORTAGES.IN NEXT TWO QUARTERS, CO EXPECTS TO SEE MARGIN IMPROVEMENT.QTRLY GROSS MARGIN ON HOME SALES OF 20.1%, COMPARED TO 16.8% (21.6% EXCLUDING PURCHASE ACCOUNTING).REVENUES FROM HOME SALES INCREASED 4% IN Q2 OF 2019 TO $5.2 BILLION.SUBSEQUENT TO MAY 31, REDEEMED $500 MILLION OF ITS 4.50% SENIOR NOTES DUE JUNE 2019.AVERAGE SALES PRICE OF HOMES DELIVERED WAS $407,000 IN Q2 OF 2019, COMPARED TO $413,000 IN Q2 OF 2018.

Lennar Corp On April 11, Co Amended & Restated Credit Agreement Governing Unsecured Revolving Credit Facility

April 12 (Reuters) - Lennar Corp <LEN.N>::LENNAR CORP - ON APRIL 11, CO AMENDED AND RESTATED CREDIT AGREEMENT GOVERNING UNSECURED REVOLVING CREDIT FACILITY - SEC FILING.LENNAR CORP -AMENDMENT INCREASE MAXIMUM POTENTIAL BORROWINGS FROM $2.6 BILLION TO $2.8 BILLION.LENNAR CORP -AMENDMENT ALSO INCREASES CLASS A LENDERS' COMMITMENTS FROM $2.24 BILLION TO $2.35 BILLION.LENNAR CORP - AMENDMENT EXTENDS MATURITY OF CLASS A LENDERS' COMMITMENTS FROM APRIL 2023 TO APRIL 2024..

Lennar Sets Quarterly Cash Dividend Of $0.04 Per Share

April 10 (Reuters) - Lennar Corp <LEN.N>::SETS QUARTERLY CASH DIVIDEND OF $0.04PER SHARE.

Lennar Reports Q1 Revenue of $3.9 Bln Versus Refinitiv IBES Estimate Of $4.11 Bln

March 27 (Reuters) - Lennar Corp <LEN.N>::LENNAR REPORTS FIRST QUARTER EPS OF $0.74.Q1 EARNINGS PER SHARE $0.74.Q1 REVENUE $3.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF $4.11 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.75 -- REFINITIV IBES DATA.QTRLY DELIVERIES OF 8,820 HOMES - UP 30%.QTRLY NEW ORDERS OF 10,463 HOMES - UP 24%; NEW ORDERS DOLLAR VALUE OF $4.2 BILLION - UP 23%.QTRLY BACKLOG OF 17,259 HOMES - DOWN 2%; BACKLOG DOLLAR VALUE OF $7.1 BILLION - DOWN 7%.QTRLY REVENUES FROM HOME SALES INCREASED 36% IN Q1 OF 2019 TO $3.6 BILLION FROM $2.6 BILLION IN Q1 OF 2018.AVERAGE SALES PRICE OF HOMES DELIVERED WAS $410,000 IN Q1 OF 2019, COMPARED TO $393,000 IN Q1 OF 2018.GROSS MARGINS ON HOME SALES WERE $726.1 MILLION, OR 20.1%, IN Q1 OF 2019, COMPARED TO $516.6 MILLION, OR 19.5%, IN Q1 OF 2018.CONTINUED TO SEE CHOPPINESS IN MARKETPLACE DURING Q1.DURING QUARTER, MORTGAGE INTEREST RATES SUBSIDED AND ULTIMATELY PULLED BACK AND HOME PRICES MODERATED.REMAIN ON TARGET TO MEET 2019 SYNERGY GOALS.

Lennar CEO Rick Beckwitt FY 2018 Total Compensation $17.6 Mln Vs $17.0 Mln

Feb 28 (Reuters) - Lennar Corp <LEN.N>::LENNAR CORP SAYS CEO RICK BECKWITT'S FY 2018 TOTAL COMPENSATION WAS $17.6 MILLION VERSUS $17.0 MILLION IN FY 2017 - SEC FILING.LENNAR CORP SAYS EXECUTIVE CHAIRMAN STUART MILLER'S FY 2018 TOTAL COMPENSATION WAS $20.1 MILLION VERSUS $19.1 MILLION IN FY 2017 - SEC FILING.LENNAR CORP SAYS PRESIDENT JONATHAN JAFFE'S FY 2018 TOTAL COMPENSATION WAS $15.5 MILLION VERSUS $15.1 MILLION IN FY 2017 - SEC FILING.

Lennar Announces Promotion Of Fred Rothman To Chief Operating Officer

Lennar Corp <LEN.N>::LENNAR ANNOUNCES PROMOTION OF FRED ROTHMAN TO CHIEF OPERATING OFFICER.LENNAR - JON JAFFE, WHO PREVIOUSLY HELD TITLE OF BOTH PRESIDENT AND COO, WILL CONTINUE TO SERVE AS PRESIDENT.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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