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Last $787.50 MXN
Change Today 0.00 / 0.00%
Volume 0.0
LEN* On Other Exchanges
Symbol
Exchange
New York
New York
Mexico
Frankfurt
As of 4:09 PM 06/24/15 All times are local (Market data is delayed by at least 15 minutes).

lennar corp-a (LEN*) Snapshot

Open
$787.50
Previous Close
$787.50
Day High
$787.50
Day Low
$787.50
52 Week High
03/31/15 - $796.00
52 Week Low
07/24/14 - $507.75
Market Cap
159.8B
Average Volume 10 Days
126.7
EPS TTM
--
Shares Outstanding
173.9M
EX-Date
07/6/15
P/E TM
--
Dividend
$0.16
Dividend Yield
0.29%
Current Stock Chart for LENNAR CORP-A (LEN*)

lennar corp-a (LEN*) Details

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments. Its 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. The company also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; originating and securitizing commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities. Further, the company develops multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

6,825 Employees
Last Reported Date: 01/23/15
Founded in 1954

lennar corp-a (LEN*) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $800.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $779.9K
Chief Operating Officer and Vice President
Total Annual Compensation: $800.0K
General Counsel and Secretary
Total Annual Compensation: $541.5K
Compensation as of Fiscal Year 2014.

lennar corp-a (LEN*) Key Developments

Lennar Corp. Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year 2015

Lennar Corp. provided earnings guidance for the third quarter, fourth quarter and full year 2015. For the third quarter, gross margin is expected to be close to the gross margin in the second quarter. For the fourth quarter, the company expects gross margin to be a little bit higher. For the year 2015, the company expects gross margin in 2015 to average 24% for the full year. The company now expecting potential improvement for these combined categories to 30 to 40 basis points as look at the full 2015 fiscal year. The company increasing goal for Financial Services earnings to earn $100 million to $110 million for the full year. Included in this increased guidance is the expectation of some cooling in the strong refinance market in the second half year 2015. The remaining quarterly amounts are expected to be spread similar to last year. The tax rate is still expected to be between 34% and 34.5%.

Lennar Corporation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended May 31, 2015

Lennar Corporation announced unaudited earnings results for the second quarter and six months ended May 31, 2015. For the quarter, the company reported total revenues of $2,392,604,000 against $1,818,745,000 a year ago. Earnings before income taxes were $279,810,000 against $203,630,000 a year ago. Net earnings attributable to the company were $183,016,000 or $0.79 diluted per share against $137,719,000 or $0.61 diluted per share a year ago. EBIT was $335,920,000 against $267,932,000 a year ago. For the six months, the company reported total revenues of $4,036,743,000 against $3,181,840,000 a year ago. Earnings before income taxes were $456,453,000 against $329,506,000 a year ago. Net earnings attributable to the company were $297,979,000 or $1.30 diluted per share against $215,836,000 or $0.95 diluted per share a year ago. EBIT was $548,640,000 against $432,944,000 a year ago.

Lennar Homebuilding Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended May 31, 2015

Lennar Homebuilding announced unaudited earnings results for the second quarter and six months ended May 31, 2015. For the quarter, the company reported total revenues of $2,115,812,000 against $1,634,785,000 a year ago. Operating earnings were $292,789,000 against $234,511,000 a year ago. For the six months, the company reported total revenues of $3,557,470,000 against $2,866,170,000 a year ago. Operating earnings were $500,433,000 against $396,729,000 a year ago.

 

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Industry Analysis

LEN*

Industry Average

Valuation LEN* Industry Range
Price/Earnings 16.7x
Price/Sales 1.2x
Price/Book 2.2x
Price/Cash Flow 12.5x
TEV/Sales 0.2x
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