EPS for Lennar Corporation (LEN) Expected At $1.50

According to their predictions high & low revenue estimates are 3.69 Billion and 3.37 Billion respectively.

Lennar Corporation most recently reported earnings per share (EPS) of $1.06 for the August 2017 versus $1.01 in the same quarter a year ago, representing 5% growth. Currently, Lennar Corporation (NYSE:LEN) has an average volume of 2.75 Million. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements, including the risk that the offering of the Notes cannot be successfully completed, the risk that we will not use the proceeds in the manner anticipated and including those risks detailed in the Company's filings with the SEC, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended November 30, 2016.

Lennar Corporation (NYSE:LEN) last posted its earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.05. Of the analysts surveyed by Reuters that track Halliburton Company 3 of them rate its stock a hold. Lennar Corporation had a net margin of 6.65% and a return on equity of 12.37%. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. Royal Bank Of Canada reiterated a "buy" rating and set a $64.00 price objective on shares of Lennar Corporation in a report on Monday, August 21st.

A number of equities analysts have commented on the stock. The institutional investor bought 33,550 shares of the construction company's stock, valued at approximately $1,771,000. The firm has "Buy" rating given on Wednesday, October 4 by M Partners. If the published price targets set by Lennar Corporation analysts have any power to influence the stock's share price, the highest price target set for LEN is $75.69.

In other news, CFO Bruce E. Gross sold 5,000 shares of the business's stock in a transaction dated Thursday, October 5th. The total value of its holdings decreased 8.9%.

The company now has an insider ownership of 1.7 Percent and Institutional ownership of 93.7 Percent. You may obtain a free copy of the joint proxy statement/prospectus (if and when it becomes available) and other relevant documents filed by the Company and CalAtlantic with the SEC at the SEC's website at www.sec.gov. Copies of the documents filed by the Company with the SEC will be available free of charge on the Company's website at www.lennar.com or by contacting Allison Bober, Investor Relations, at 305-485-2038.

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The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 14.93%, and has a solid year to date (YTD) performance of 39.13% which means that the stock is constantly adding to its value from the previous fiscal year end price. Commonwealth Bank of Australia grew its position in shares of Lennar Corporation by 32.4% in the 2nd quarter. Capstone Asset Management Co. now owns 59,472 shares of the construction company's stock worth $3,171,000 after buying an additional 6,794 shares during the period. Finally, Smead Capital Management Inc. lifted its stake in Lennar Corporation by 43.3% in the 2nd quarter. A low price-to-sales ratio, typically less than 1.0, is considered a good value. QS Investors LLC now owns 2,541 shares of the construction company's stock worth $135,000 after buying an additional 25 shares during the last quarter. It fall, as 36 investors sold Lennar Corporation shares while 139 reduced holdings.

About 2.19M shares traded.

Lennar Corporation (LEN) opened at $58.22 on Tuesday.

This company has been competing with others in the Industrial Goods space and offers its own combination of interesting factors Lennar Corporation (LEN) now trades with a market capitalization of $13.78 Billion.

Over the past 50 days, Lennar Corporation stock was -1.77% off of the high and 19.71% removed from the low. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $0.16 dividend on an annualized basis and a yield of 0.27%. RBC Capital Markets maintained Lennar Corporation (NYSE:LEN) on Wednesday, September 21 with "Outperform" rating. If you are viewing this story on another domain, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark legislation. The Company's divisions include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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