Lennar Corporation (LEN) Set to Announce Earnings on Tuesday
Lennar Corporation (NYSE:LEN) will be posting its quarterly earnings results before the market opens on Tuesday, October 3rd.
Lennar Corporation (NYSE:LEN) opened at 50.53 on Tuesday. Lennar Corporation has a 52-week low of $39.68 and a 52-week high of $55.75. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 14.77 and a beta of 1.24. The company has a 50-day moving average of $52.22 and a 200-day moving average of $52.03.
LEN has been the subject of a number of recent research reports. Zacks Investment Research upgraded Lennar Corporation from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Friday, June 16th. Royal Bank Of Canada upped their price objective on Lennar Corporation from $61.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. BidaskClub upgraded Lennar Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Credit Suisse Group initiated coverage on Lennar Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $55.00 price objective for the company. Finally, Wedbush restated a “neutral” rating and set a $46.00 price objective on shares of Lennar Corporation in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $56.25.
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In related news, COO Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the completion of the transaction, the chief operating officer now owns 139,433 shares of the company’s stock, valued at $7,413,652.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.18% of the company’s stock.
Lennar Corporation Company Profile
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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