Earnings

Stock Earnings in Review: Lennar Corporation (NYSE:LEN)

Shares of Lennar Corporation (NYSE:LEN) fell -2.68% to reach at $51.27 during previous trading session. The company has experienced volume of 4,548,677 shares while on average the company has a capacity of trading 2.64M share.

Lennar Corporation (NYSE:LEN) one of the nation’s largest homebuilders, on March 21, 2017 reported results for its first quarter ended February 28, 2017. First quarter net earnings attributable to Lennar in 2017 were $130.8 million, or $0.56 per diluted share, which included a net loss related to WCI of $0.03 per diluted share, primarily due to one-time transaction expenses. This compared to first quarter net earnings attributable to Lennar in 2016 of $144.1 million, or $0.63 per diluted share, which included a favorable $0.05 per diluted share impact due to a lower tax rate.

  • Net earnings of $130.8 million, or $0.56 per diluted share, compared to net earnings of $144.1 million, or $0.63 per diluted share.
    • WCI Communities, Inc. (“WCI”) reduced the Company’s Q1 2017 net earnings by $0.03 per diluted share, primarily due to one-time transaction expenses
    • Q1 2016 included a favorable $0.05 per diluted share impact due to a lower tax rate
  • WCI Communities, Inc. (“WCI”) reduced the Company’s Q1 2017 net earnings by $0.03 per diluted share, primarily due to one-time transaction expenses
  • Q1 2016 included a favorable $0.05 per diluted share impact due to a lower tax rate
  • Deliveries of 5,453 homes – up 13%
  • New orders of 6,483 homes – up 12%; new orders dollar value of $2.4 billion – up 16%
  • Backlog of 9,017 homes – up 18%; backlog dollar value of $3.5 billion – up 24%
  • Revenues of $2.3 billion – up 17%
  • Lennar Homebuilding operating earnings of $211.3 million, compared to $220.6 million
  • Gross margin on home sales of 21.1%, compared to 22.7%
  • S,G&A expenses as a % of revenues from home sales improved to 10.3% from 10.8%
  • Operating margin on home sales of 10.8%, compared to 11.9%

Lennar Corporation (NYSE:LEN) holds the market capitalization of $11.37B along with 203.16M outstanding shares. During the last trade, stock’s minimum price has been reached out at $50.82 while the maximum trading price moved at $52.40. Currently the stock price is moving -4.68% off from the highest level of twelve months and +29.32% above from twelve months low. Lennar Corporation (NYSE:LEN) marked 52-week highest price level of $53.79 on 03/10/17 and 52-week lowest price level of $39.65 on 11/09/16.

As of current trade, Lennar Corporation (NYSE:LEN) has shown weekly downbeat performance of -0.64%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 8.82%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 19.53%. Shares of Lennar Corporation (NYSE:LEN) currently have an ABR of 1.91, derived from a total of 11 opinions. The company’s price sits 8.24% above from its 50-day moving average of $48.49 and 13.13% above from the stock’s 200-day moving average of $44.59. The company has Relative Strength Index (RSI 14) of 59.36 along with Average True Range (ATR 14) of 1.11. Its weekly and monthly volatility is 2.08%, 2.11% respectively. The company’s beta value is at 1.21.

Lennar Corporation (NYSE:LEN) currently has a PEG ratio of 1.58 where as its P/E ratio is 13.09. The company’s price to sales ratio for trailing twelve months is 1.07 and price to book ratio for most recent quarter is 1.65, whereas price to cash per share for the most recent quarter is 8.79. Lennar Corporation (NYSE:LEN)’s price to free cash flow for trailing twelve months is 29.52. Total debt to equity ratio of the company for most recent quarter is 0.89 whereas long term debt to equity ratio for most recent quarter is 0.89. Lennar Corporation (NYSE:LEN) has a Return on Assets of 6.10%. The company currently has a Return on Equity of 14.20% and Return on Investment of 6.90%.

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