Lennar Corporation (NYSE:LEN) registered a -0.18% decrease, still its new closing price is 21.08% up from the company’s 1 year high of 49.51.It posted -4.05% losses in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The shares moved at $44.81, implying that brokerage firms see shares gaining about 11.42% in twelve months time.
Lennar Corporation (LEN) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 4.47% rise year to date. A Vice President/COO at Lennar Corporation (LEN) offloaded shares in a transaction closed on Tuesday January 03, 2017. JAFFE JONATHAN M sold 20,000 shares in the company at $43.05 each and collected $861,000 in proceeds. JAFFE JONATHAN M now owns 136,825 shares in the company after this transaction. A Vice President/COO in the company, JAFFE JONATHAN M, disclosed a transaction on Monday October 03, 2016 that ended up generating $840,000 from the sale of 20,000 shares at $42.01 per share.
Lennar Corporation (NYSE:LEN) Upcoming Results on Tap
Lennar Corporation will next provide financial results for the February 2017 quarter. Stock analysts expect it to report per-share earnings of $0.55 in that period. Sales during the quarter are predicted to arrive at $2.19 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.38 billion in revenue and EPS of $1.34. The mean forecast was for $3.3 billion and $1.29 a share, respectively. One quarter earlier, revenue for the stock was at $2.83 billion, with earnings at $1.01/share.
Lennar Corporation (LEN) Brokerage Update
Lennar Corporation (LEN) is in Raymond James’s research list so their analyst rating change is noteworthy. These shares were upgraded to Strong Buy from Outperform by Raymond James, according to news reported on Monday October 31, 2016.Another important research note was issued by Buckingham Research on Monday October 17, 2016.The firm upgraded LEN to Buy from Neutral. Over the last six months and over the last three months, the shares of Lennar Corporation (LEN), have changed -1.86% and 8.70%, respectively.