Scan For Analyst Views: Lennar Corporation (LEN), PPL Corporation (PPL)

Lloyd Doyle
November 15, 2017

Lennar Corporation (NYSE:LEN) reported its EPS in the last quarter as $1.06/Share beating the analyst estimate of $1.01/Share by a difference of $0.05. Retail Bank Of Montreal Can holds 0.01% of its portfolio in Lennar Corporation (NYSE:LEN) for 155,980 shares. Comparatively, LEN posted earnings of $1.32 per share in the same quarter, a year earlier. Glg Limited Liability reported 0.03% of its portfolio in Lennar Corporation (NYSE:LEN).

Analysts believe that the company has the potential to earn average revenue of $3.57 Billion for the current quarter. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. During the same quarter in the prior year, the firm posted $1.01 EPS. During the same period a year ago, the company posted $1.01 earnings per share.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock.

20 analysts on average are expecting Lennar Corporation to report earnings of $1.48 per share for the current quarter.

Bank of America Corporation raised the price target of the stock on October 4 boosting the projection from $63.00 to $65.00 with a rating of "Buy". Keefe, Bruyette & Woods restated a buy rating and set a $62.00 price target on shares of Lennar Corporation in a research report on Thursday, July 27th. Argus reissued a "buy" rating and issued a $60.00 price objective (up from $57.00) on shares of Lennar Corporation in a research note on Tuesday, July 25th. The stock of Lennar Corporation (NYSE:LEN) has "Buy" rating given on Monday, October 30 by RBC Capital Markets. The company's quarterly EPS surprised Wall Street by as much as 5% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

In other news, CFO Bruce E. Gross sold 5,000 shares of Lennar Corporation stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $56.48, for a total value of $282,400.00. The circumstantial evidence specially high/lower types of ownership has a vital gauge for investing research process and it should be done carefully, as rather than offering help in finding value; it can sometimes give false signals and lead an investor astray. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. On the other hand, company insiders are holding 1.70%.


Several firms have shifted positions in (LEN). Greenhaven Associates Inc. boosted its holdings in Lennar Corporation by 0.9% in the 2nd quarter. Cannell Peter B & Co Inc now controls 167,851 shares with a value of $8,863,000. Fox Run Management L.L.C. acquired a new stake in shares of Lennar Corporation in the second quarter worth $821,000. DnB Asset Management AS now owns 22,400 shares of the construction company's stock valued at $1,194,000 after buying an additional 600 shares during the last quarter. The portion of a company's profit allocated to each outstanding share of common stock was $2.21 a share in the trailing twelve months. The stock of Lennar Corporation (NYSE:LEN) has "Market Perform" rating given on Thursday, September 29 by Wells Fargo. The company has a market capitalization of $13,812.11, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31.

Lennar Corporation (LEN) stock price rose 42.75 percent over the past one year, while increased 18.53 percent during the past 6 months.

Lennar Corporation now measures the Current ratio at *tba and displays the quick ratio at *tba. Shareholders of record on Thursday, October 19th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, October 18th.

On a similar note, analysts expect EPS of $1.5 in November 2017 quarter and $0.82 in February 2018 quarter, representing 11.94% and 38.98% growth, respectively. RBC Capital Markets maintained Lennar Corporation (NYSE:LEN) on Wednesday, September 21 with "Outperform" rating.

TRADEMARK VIOLATION NOTICE: "Fishman Jay A Ltd. MI Purchases New Stake in Lennar Corporation (LEN)" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and global copyright & trademark law. The Company's divisions include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily. The Firm is a homebuilder that operates in various states.

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