Analysts See $1.50 EPS for Lennar Corporation (LEN)

December 11, 2017 - By Nellie Frank

 Analysts See $1.50 EPS for Lennar Corporation (LEN)
Investors sentiment decreased to 1.2 in 2017 Q2. Its down 0.09, from 1.29 in 2017Q1. It dived, as 36 investors sold Lennar Corporation shares while 139 reduced holdings. 61 funds opened positions while 149 raised stakes. 187.51 million shares or 1.47% less from 190.31 million shares in 2017Q1 were reported.
Ny State Teachers Retirement System holds 333,597 shares or 0.05% of its portfolio. Brandywine Management Ltd holds 0% of its portfolio in Lennar Corporation (NYSE:LEN) for 4,314 shares. Agf has 875,090 shares. Moreover, Zacks Inv Management has 0.02% invested in Lennar Corporation (NYSE:LEN) for 14,429 shares. Neuberger Berman Gru Llc holds 0.37% or 5.43M shares in its portfolio. Suntrust Banks invested in 0.01% or 17,100 shares. Wafra Advisory Grp Inc Inc Ny invested in 102,408 shares. Commonwealth Commercial Bank Of Australia accumulated 2,168 shares or 0% of the stock. Manufacturers Life Insur Com The reported 7.52M shares. Contravisory Inv Mgmt Inc reported 4,767 shares. Viking Global Invsts Limited Partnership holds 1.93% or 5.37M shares in its portfolio. Cibc Ww holds 28,708 shares or 0.02% of its portfolio. Jpmorgan Chase And Com invested 0% of its portfolio in Lennar Corporation (NYSE:LEN). Factory Mutual Insurance accumulated 1.08 million shares or 0.66% of the stock. Daiwa Securities Gp Inc has 0% invested in Lennar Corporation (NYSE:LEN) for 6,200 shares.

Analysts expect Lennar Corporation (NYSE:LEN) to report $1.50 EPS on December, 18.They anticipate $0.16 EPS change or 11.94 % from last quarter’s $1.34 EPS. LEN’s profit would be $350.76M giving it 10.36 P/E if the $1.50 EPS is correct. After having $1.06 EPS previously, Lennar Corporation’s analysts see 41.51 % EPS growth. The stock increased 0.76% or $0.47 during the last trading session, reaching $62.18. About 2.04 million shares traded. Lennar Corporation (NYSE:LEN) has risen 19.91% since December 11, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 24 analysts covering Lennar (NYSE:LEN), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. Lennar has $77 highest and $45 lowest target. $59.18’s average target is -4.82% below currents $62.18 stock price. Lennar had 54 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, July 11. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. Argus Research maintained the shares of LEN in report on Tuesday, July 25 with “Buy” rating. The firm earned “Buy” rating on Monday, August 28 by Keefe Bruyette & Woods. The stock of Lennar Corporation (NYSE:LEN) earned “Neutral” rating by Credit Suisse on Monday, February 8. The rating was maintained by Wood with “Outperform” on Wednesday, March 30. The firm has “Outperform” rating by Wood given on Friday, April 7. The firm has “Neutral” rating given on Wednesday, September 21 by Citigroup. The company was initiated on Thursday, September 29 by Wells Fargo.

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company has market cap of $14.54 billion. The firm operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily divisions. It has a 18.28 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 recent Lennar Corporation (NYSE:LEN) news were published by: Moodys.com which released: “Moody’s rates Lennar’s notes Ba1; stable outlook” on November 14, 2017. Also Nasdaq.com published the news titled: “Emergent BioSolutions Larger Than S&P 500 Component Lennar Corporation” on November 28, 2017. Prnewswire.com‘s news article titled: “Lennar Prices $300 Million of Senior Notes due 2020 at 2.95% and $900 Million …” with publication date: November 14, 2017 was also an interesting one.

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