Crude Oil Down 1%; Lennar Earnings Miss Views
- U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Friday.
- 09/19/2025
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Lennar co-CEO on Q3 earnings miss: This has been a difficult housing cycle
- CNBC's Diana Olick joins CNBC's 'Money Movers' to report on Lennar after the U.S. homebuilder posted weak quarterly results.
- 09/19/2025
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Lennar Stock Down on Q3 Earnings Miss, New Home Orders Rise Y/Y
- LEN's third-quarter fiscal 2025 report reflects ongoing affordability challenges and margin pressure in a challenging housing market.
- 09/19/2025
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Housing Giant Lennar Looks to Rate Cutes to Stimulate Demand After Earnings Miss
- Shares of Lennar (LEN) slid Friday after the company's earnings missed estimates, pointing to weakness in the housing market.
- 09/19/2025
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Lennar: Strategic Pricing And Robust Liquidity Amid Rate Cuts Provide Some Insulation
- Lennar Corporation enjoys stable housing demand with its strategic pricing without sacrificing its profits. Its robust balance sheet ensures the sustainability of its large operating capacity and dividend payouts. Its valuation shows a limited upside, but it has already priced in market risks, making it reasonable at this level.
- 09/19/2025
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Compared to Estimates, Lennar (LEN) Q3 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended August 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 09/18/2025
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Lennar (LEN) Q3 Earnings and Revenues Lag Estimates
- Lennar (LEN) came out with quarterly earnings of $2 per share, missing the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $3.9 per share a year ago.
- 09/18/2025
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Lennar Stock Slides After Worse-Than-Expected Q3 Report: Reflective Of 'Soft Market Conditions'
- Lennar Corp. LEN released its third-quarter results after Thursday's closing bell. Here's a look at the details in the report.
- 09/18/2025
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Lennar Reports Third Quarter 2025 Results
- Third Quarter 2025 Highlights - comparisons to the prior year quarter Net earnings per diluted share of $2.29 ($2.00 excluding mark-to-market gains on technology investments) Net earnings of $591 million New orders increased 12% to 23,004 homes Backlog of 16,953 homes with a dollar value of $6.6 billion Deliveries of 21,584 homes - consistent with prior year Total revenues of $8.8 billion Homebuilding operating earnings of $760 million Gross margin on home sales of 17.5% SG&A expenses as a % of revenues from home sales of 8.2% Net margin on home sales of 9.2% Financial Services operating earnings of $178 million Multifamily operating loss of $16 million Lennar Other operating earnings of $62 million Years supply of owned homesites of 0.1 years Controlled homesites of 98% Homebuilding cash and cash equivalents of $1.4 billion Outstanding borrowings of $1.1 billion under the Company's $3.1 billion revolving credit facility Homebuilding debt to total capital of 13.5% Repurchased 4.1 million shares of Lennar common stock for $507 million MIAMI , Sept. 18, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its third quarter ended August 31, 2025.
- 09/18/2025
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How To Earn $500 A Month From Lennar Stock Ahead Of Q3 Earnings
- Lennar Corporation LEN will release earnings results for the third quarter, after the closing bell on Thursday, Sept. 18.
- 09/18/2025
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Home Builders Trim New Construction. Lennar Earnings Will Offer Insight.
- Investors looking for signs of a housing market rebound are watching the earnings and commentary from Lennar, one of the nation's largest home builders.
- 09/18/2025
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Lennar Q3 Preview: Will Fed Cuts, Falling Mortgage Rates Boost Warren Buffett-Owned Stock?
- Homebuilding company Lennar Corporation LEN could highlight falling mortgage rates and the impact of a potential rate cut when the company reports third-quarter financial results Thursday after market close.
- 09/17/2025
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Buy or Sell Lennar Stock Ahead of Earnings?
- Lennar (NYSE:LEN) is scheduled to announce its earnings on Thursday, September 18, 2025, with consensus projections indicating approximately $2.10 per share in earnings and $9.05 billion in revenue. This would represent roughly a 4% decline in revenue year-over-year, attributed to high mortgage rates, challenges in affordability, and somewhat weak consumer confidence.
- 09/17/2025
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Lennar Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Lennar Corporation LEN will release earnings results for the third quarter after the closing bell on Thursday, Sept. 18.
- 09/16/2025
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Lennar Before Q3 Earnings: Should You Buy, Sell or Hold the Stock?
- Lennar Corporation LEN is slated to report third-quarter fiscal 2025 results (ended Aug. 31) after the closing bell on Sept. 18. In the last reported quarter, the company's adjusted earnings missed the Zacks Consensus Estimate by 2.1% while the revenues topped the same by 1.6%.
- 09/16/2025
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Stay Ahead of the Game With Lennar (LEN) Q3 Earnings: Wall Street's Insights on Key Metrics
- Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Lennar (LEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended August 2025.
- 09/15/2025
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Lennar Corporation Q3 Preview: Still Too Many Questions Regarding The Outlook
- Lennar Corporation is set to report Q3 earnings, with expectations of flat to slightly lower sales and potential for a conservative beat. LEN faces margin pressures from rising land costs, softer demand, and increased sales incentives, with gross margins expected to decline to 18%. The recent Millrose Properties spinoff allows LEN to focus on core homebuilding, while MRP manages land development and acquisition.
- 09/11/2025
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Earnings Preview: Lennar (LEN) Q3 Earnings Expected to Decline
- Lennar (LEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 09/11/2025
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Lennar (LEN) Stock Dips While Market Gains: Key Facts
- Lennar (LEN) closed at $137.45 in the latest trading session, marking a -3.48% move from the prior day.
- 09/09/2025
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Final Trades: Lennar, Rocket Companies and the MCHI
- The Investment Committee give you their top stocks to watch for the second half.
- 09/09/2025
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Lennar Corporation to Broadcast Its Third Quarter Earnings Call on September 19, 2025
- MIAMI , Sept. 4, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the third quarter ended August 31, 2025 after the market closes on September 18, 2025.
- 09/04/2025
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Lennar (LEN) Stock Falls Amid Market Uptick: What Investors Need to Know
- In the latest trading session, Lennar (LEN) closed at $133.27, marking a -1.14% move from the previous day.
- 08/26/2025
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Wedbush's Jay McCanless: Berkshire's bullishness on DR Horton and Lennar shows promise for housing
- Jay McCanless, Wedbush housing analyst, joins CNBC's 'Squawk on the Street' to discuss outlooks on homebuilder sentiment, expectations for the housing market, and much more.
- 08/18/2025
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Lennar (LEN) Rises As Market Takes a Dip: Key Facts
- In the most recent trading session, Lennar (LEN) closed at $131.95, indicating a +1.15% shift from the previous trading day.
- 08/15/2025
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Horton, Lennar and Other Home Builder Stocks Jump. Buffett Bet on the Outlook Improving.
- The investment from the legendary investor is seen as a sign that the selloff among those stocks has gone too far.
- 08/15/2025
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LEN Breakout Beginning: Using Options in the Homebuilder Space
- @OptionsPlay's Tony Zhang sets the foundation for an example options trade in Lennar (LEN) as he sees the company building on its recent breakout. He points to the stock shattering a key resistance level at $125, backed by market expectations for incoming rate cuts, as signals for shares making a continuing move the upside.
- 08/14/2025
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Top Stock Movers Now: Lennar, Gildan Activewear, CAVA Group, and More
- U.S. equities edged higher at midday on continuing optimism the latest consumer inflation data will open the door to the Federal Reserve to cut interest rates next month. The S&P 500 and Nasdaq added to their record closes yesterday, and the Dow Jones Industrial Average was higher as well.
- 08/13/2025
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Why Lennar (LEN) Outpaced the Stock Market Today
- In the latest trading session, Lennar (LEN) closed at $118.77, marking a +2.41% move from the previous day.
- 08/04/2025
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Lennar: Valuation Disconnect With Earnings Potential
- Lennar's asset-light strategy, post-Millrose REIT spin-off, boosts flexibility, reduces capital intensity, and frees cash for core homebuilding growth. Despite cyclical headwinds and falling margins, Lennar maintains strong cash flow, low debt, and attractive valuation at 12.6x FWD P/E, cheaper than peers. Housing shortage persists in the U.S.; if monetary policy eases, demand and Lennar's share price should recover, offering a favorable risk/reward profile.
- 08/03/2025
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Lennar (LEN) Rises Higher Than Market: Key Facts
- In the latest trading session, Lennar (LEN) closed at $115.33, marking a +1.6% move from the previous day.
- 07/25/2025
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Lennar (LEN) Up 3% Since Last Earnings Report: Can It Continue?
- Lennar (LEN) reported earnings 30 days ago. What's next for the stock?
- 07/16/2025
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Lennar Celebrates the Grand Opening of Seaton Creek Amenity Center
- JACKSONVILLE, Fla. , July 10, 2025 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, today announced the grand opening of the new amenity center at Seaton Creek, a master-planned community of single-family homes.
- 07/10/2025
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Is Lennar Stock A Bargain At $110?
- Lennar (NYSE: LEN), one of the largest homebuilders in the U.S., has decreased by 13% year-to-date, lagging behind the S&P 500's 6% increase. At a glance, the stock appears to be a good deal, trading at only 0.8x sales and 9.2x earnings, significantly lower than the average of the index.
- 07/10/2025
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Lennar Stock Outlook: Prolonged Consolidation Seen Ahead; Hedging Will Be Key
- Lennar Corporation LEN is currently in Phase 18, the final phase of its 18-phase Adhishthana Cycle. While the stock has shown remarkable structural alignment with the Adhishthana Principles in prior phases, the framework now points toward a prolonged period of consolidation.
- 06/27/2025
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Lennar Corporation Declares Quarterly Dividends
- MIAMI , June 19, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on July 18, 2025 to holders of record at the close of business on July 3, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations.
- 06/19/2025
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Lennar Corporation (LEN) Q2 2025 Earnings Call Transcript
- Lennar Corporation (NYSE:LEN ) Q2 2025 Earnings Conference Call June 17, 2025 11:00 AM ET Company Participants Bruce Gross - Corporate Participant David M. Collins - VP & Controller Diane J.
- 06/17/2025
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Lennar's Q2 Earnings Miss, Revenues Top, New Home Orders Up Y/Y
- LEN's Q2 earnings miss, but revenues beat estimates. Rising orders and upbeat Q3 outlook lift shares after hours.
- 06/17/2025
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Lennar: Margin Pressures Weigh On A Mixed Q2
- Lennar's earnings and guidance were better than feared, but ongoing margin pressure and weak Sun Belt pricing keep me cautious about the stock. The company is sacrificing margins to support volumes through increased incentives, resulting in lower profits and persistent margin headwinds. Lennar's solid balance sheet supports buybacks and a secure dividend, but near-term stability depends on new orders in riskier markets.
- 06/17/2025
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Lennar Stock Rises Despite Q2 Profit Miss
- Homebuilding stock Lennar Corp (NYSE:LEN) was up 1.8% to trade at $111.46 at last check, brushing off a fiscal second-quarter earnings miss after beating revenue expectations.
- 06/17/2025
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Lennar sees home prices drop to 5-year lows, but they're still too high
- Lennar sees the average price of homes delivered for the current quarter falling to the lowest levels seen in eight years.
- 06/17/2025
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Compared to Estimates, Lennar (LEN) Q2 Earnings: A Look at Key Metrics
- The headline numbers for Lennar (LEN) give insight into how the company performed in the quarter ended May 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 06/16/2025
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Lennar (LEN) Lags Q2 Earnings Estimates
- Lennar (LEN) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $3.38 per share a year ago.
- 06/16/2025
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Lennar Reports Mixed Q2 Results: EPS Miss, Revenues Beat
- Lennar Corp. LEN released its second-quarter results after Monday's closing bell. Here's a look at the key figures from the quarter.
- 06/16/2025
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Lennar Has an Earnings Miss. The Stock Slips.
- Lennar said high costs and lower consumer confidence are leading to softness in the housing market.
- 06/16/2025
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Fed Interest Rate Decision, Economic Data, Lennar Earnings, and What Else to Watch This Week
- The main event of the coming shortened trading week is the two-day Federal Open Market Committee's monetary-policy meeting.
- 06/15/2025
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Lennar to Post Q2 Earnings: What's in Store for the Stock?
- LEN braces for a tough fiscal second quarter as high mortgage rates and costs weigh on margins, but rising orders and deliveries offer some support.
- 06/13/2025
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Lennar Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Lennar Corporation LEN will release earnings results for the second quarter, after the closing bell on Monday, June 16.
- 06/13/2025
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Lennar (LEN) Falls More Steeply Than Broader Market: What Investors Need to Know
- Lennar (LEN) closed the most recent trading day at $111.50, moving 1.81% from the previous trading session.
- 06/11/2025
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Ahead of Lennar (LEN) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
- Beyond analysts' top -and-bottom-line estimates for Lennar (LEN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended May 2025.
- 06/11/2025
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Lennar: Low Expectations For A Seasonally Strong Quarter
- Lennar, one of the largest homebuilders in America, is due to announce its Q2 results on the 16th of June, after market close, followed by an earnings call on the17th. LEN has underperformed its peers and large-caps YTD, but this upcoming Q2 earnings may surprise positively due to seasonally strong new home orders and low expectations in the street. Gross margins are likely to remain under pressure as Lennar boosts incentives and while construction costs may remain well-controlled, risks of this spiking in H2 should not be ruled out.
- 06/10/2025
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What To Expect From Lennar's Earnings?
- Lennar (NYSE:LEN), one of the largest home construction firms in the U.S., plans to release its earnings around June 16, 2025, for a quarter that is expected to have experienced a slowdown in business due to ongoing difficulties in the U.S. housing market caused by high home prices and elevated mortgage rates. The consensus anticipates earnings of approximately $1.96 per share, a decrease from $3.38 per share in the same quarter last year, while revenues are expected to be around $8.2 billion, reflecting a 6% decline from the previous year.
- 06/10/2025
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Lennar Unveils The Townes at Arbors at Wiregrass, Bringing Luxury Townhomes to Wesley Chapel, FL
- WESLEY CHAPEL, Fla. , June 5, 2025 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, is now selling at The Townes at Arbors at Wiregrass, a new community of luxury townhomes in Wesley Chapel, FL.
- 06/05/2025
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LENNAR CORPORATION TO BROADCAST ITS SECOND QUARTER EARNINGS CALL ON JUNE 17, 2025
- MIAMI , June 3, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter ended May 31, 2025 after the market closes on June 16, 2025. Additionally, the Company will host a conference call on June 17, 2025 at 11:00 a.m.
- 06/03/2025
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Lennar (LEN) Outperforms Broader Market: What You Need to Know
- Lennar (LEN) concluded the recent trading session at $106.07, signifying a +0.78% move from its prior day's close.
- 05/29/2025
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Lennar De-Risking Portfolio Through Strategic Shift
- Lennar Corporation (NYSE: LEN, $105.18; Market Capitalization: $27.6 billion) took a significant step in its long-term strategic transformation by completing the spin-off of Millrose Properties (NYSE: MRP, $28.03; Market Capitalization: $4.7 billion) on February 7, 2025. This move marked the culmination of a multiyear shift toward an asset-light, land-light operating model for the company.
- 05/27/2025
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Lennar (LEN) Stock Drops Despite Market Gains: Important Facts to Note
- Lennar (LEN) concluded the recent trading session at $111.17, signifying a -0.62% move from its prior day's close.
- 05/19/2025
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Millrose Properties Reports First Quarter 2025 Financial Results
- MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”), the Homesite Option Purchase Platform for residential homebuilders, today announced its financial results for the first quarter ended March 31, 2025, marking its inaugural earnings report as an independent company following its spin-off from Lennar Corporation (“Lennar”) on February 7, 2025. "This quarter represents an exciting beginning for Millrose Properties as a standalone company," said Darren Richm.
- 05/14/2025
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Lennar (LEN) Stock Falls Amid Market Uptick: What Investors Need to Know
- Lennar (LEN) closed at $112.37 in the latest trading session, marking a -0.16% move from the prior day.
- 05/13/2025
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Quarterra Multifamily and QuadReal Celebrate Strong Lease-up Start at The Piper Apartments
- REDMOND, Wash., May 9, 2025 /PRNewswire/ -- The Piper is proving to be one of Redmond's most in-demand rental communities, with strong leasing momentum continuing at the 284-home luxury property. Developed by Quarterra Multifamily, a subsidiary of Lennar Corporation, in partnership with global real estate investment, operating and development company, QuadReal Property Group, The Piper offers an exceptional living experience along the scenic Marymoor Park.
- 05/12/2025
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1 Warren Buffett Stock to Buy Hand Over Fist and 1 to Avoid
- Berkshire Hathaway (BRK.A 0.18%) (BRK.B 0.09%) CEO and Chairman Warren Buffett needs no introduction. Buffett has been generating market-beating returns for Berkshire's shareholders for about six decades now.
- 05/11/2025
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Lennar (LEN) Rises Higher Than Market: Key Facts
- In the latest trading session, Lennar (LEN) closed at $108.61, marking a +0.96% move from the previous day.
- 04/30/2025
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Why Lennar is betting on a startup building backup batteries for Texas homes
- Lennar, one of the nation's largest homebuilders, is using Base Power on its new homes in Texas. Base Power is a hardware company and a virtual power plant.
- 04/29/2025
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Lennar (LEN) Ascends But Remains Behind Market: Some Facts to Note
- Lennar (LEN) concluded the recent trading session at $109.22, signifying a +1.53% move from its prior day's close.
- 04/24/2025
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Lennar Corporation Declares Quarterly Dividends
- MIAMI , April 9, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on May 7, 2025 to holders of record at the close of business on April 23, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations.
- 04/09/2025
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Dandelion Energy and Lennar Announce One of the Largest Residential Geothermal Deployments in US History
- The partnership establishes a framework for making geothermal heating and cooling the standard in new home construction. ARLINGTON, Va.
- 04/02/2025
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Lennar: Rating Downgrade As Various Indicators Point To Poor Earnings Outlook In 2025
- Downgraded Lennar Corporation to a sell due to poor demand, deteriorating pricing power, and margin pressure, despite strong execution. The latest JPMorgan housing outlook confirms a negative US housing demand environment, with high mortgage rates and cautious consumers impacting affordability and transaction volumes. LEN's increased reliance on sales incentives and declining average selling prices indicate significant underlying demand deterioration and lack of pricing power.
- 03/25/2025
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Housing data recap, Super Micro Computer upgraded by JPMorgan, Lennar issues weak Q2 outlook
- Market Domination hosts Josh Lipton and Julie Hyman go over key insights from the trading day on March 21, 2025. First, they discuss Heathrow Airport's reopening after a nearby fire caused a power outage that disrupted travel earlier in the day.
- 03/21/2025
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Lennar Corporation (LEN) Q1 2025 Earnings Call Transcript
- Lennar Corporation (NYSE:LEN ) Q1 2025 Earnings Conference Call March 21, 2025 11:00 AM ET Company Participants David Collins - VP & Controller Stuart Miller - Executive Chairman & Co-CEO Jon Jaffe - President & Co-CEO Diane Bessette - CFO Fred Rothman - COO Conference Call Participants Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates John Lovallo - UBS Mike Rehaut - JP Morgan Susan Maklari - Goldman Sachs Ken Zener - Seaport Research Partners Operator Welcome to Lennar's First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 03/21/2025
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Lennar Outperforms On Orders And Earnings, But Analysts Caution On Weaker Margins And Q2 Outlook
- Home construction company Lennar Corp LEN released its first-quarter results after Thursday's closing bell.
- 03/21/2025
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Cramer's Mad Dash: Lennar
- Jim Cramers discusses why he's keeping an eye on shares of homebuilder Lennar.
- 03/21/2025
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Lennar Q1 Earnings & Revenues Beat, Stock Falls on Lower Order Value
- LEN's first-quarter fiscal 2025 report reflects strong demand but ongoing affordability challenges in a shifting housing market.
- 03/21/2025
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Compared to Estimates, Lennar (LEN) Q1 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Lennar (LEN) give a sense of how the business performed in the quarter ended February 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 03/20/2025
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Lennar (LEN) Tops Q1 Earnings and Revenue Estimates
- Lennar (LEN) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $2.57 per share a year ago.
- 03/20/2025
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Lennar shares jump on Q1 beat
- CNBC's Diana Olick joins 'Fast Money' with Lennar Q1 results.
- 03/20/2025
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Millrose Properties Is A Compelling Opportunity As Its Business Ramps
- Millrose Properties shares surged 10% following its first quarterly dividend announcement and anticipated earnings run-rate, making it an attractive investment. MRP, spun out from Lennar, holds attractive land assets, offering a 10.8% yield and targeting a 7% ROE, with potential for improvement. Despite current discounts due to Lennar's stake and market pressures, MRP's diverse portfolio and strategic deals with other builders promise stable cash flows.
- 03/19/2025
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Lennar to Report Q1 Earnings: What Could Drive the Results?
- LEN's fiscal first quarter is shaping up to be a mixed quarter, with moderate revenue growth but lower earnings and margins.
- 03/19/2025
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Analyst Takes A Cautious View On Lennar Ahead Of Q1 Earnings - Here's Why
- Wedbush analyst Jay McCanless reiterated a Neutral rating on Lennar Corporation LEN ahead of its first quarter FY25 earnings release on March 20.
- 03/19/2025
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Millrose Properties Declares Inaugural Dividend and Provides 2025 Outlook
- MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform (HOPP'R) for residential homebuilders, today announced a major milestone: its inaugural dividend of $65 million, or $0.38 per share of Class A and Class B common stock. The dividend will be paid on April 15, 2025 to shareholders of record as of April 4, 2025. This “stub” dividend covers the period from Millrose's spin-off from Lennar Corporation (“Lennar”) on February 7, 2025 through.
- 03/17/2025
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Lennar (LEN) Increases Yet Falls Behind Market: What Investors Need to Know
- In the most recent trading session, Lennar (LEN) closed at $118.10, indicating a +1.52% shift from the previous trading day.
- 03/14/2025
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Lennar Analyst Moves To Sidelines, Downgrades Stock And Awaits Better Entry Point
- Keefe, Bruyette & Woods analyst Jade J. Rahmani downgraded Lennar Corporation LEN from Outperform to Market Perform and reduced the price forecast from $152 to $141.
- 03/11/2025
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Lennar Stock Under Pressure After Downgrade
- KBW downgraded Lennar Corp (NYSE:LEN) stock to "market perform" from "outperform," and cut its price objective to $141 to $152.
- 03/11/2025
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Lennar Q1 Earnings Preview: Caution About The Outlook Is Merited
- Lennar shares have declined 22% over the past year due to housing market slowdown fears, with Q1 results expected to be soft, especially in orders. Analysts forecast a significant earnings ramp for 2025, but high mortgage rates and potential tariffs pose risks to margins and demand. Florida's weak housing market, particularly in Southwest Florida, and Lennar's recent acquisition of Rausch Coleman add further uncertainty to the outlook.
- 03/10/2025
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Lennar (LEN) Stock Slides as Market Rises: Facts to Know Before You Trade
- The latest trading day saw Lennar (LEN) settling at $125.19, representing a -0.75% change from its previous close.
- 03/07/2025
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Lennar & KB Home Face Tougher Housing Market, Goldman Sachs Cuts Forecast Amid Slowing Demand
- Goldman Sachs analyst Susan Maklari reiterated a Neutral rating on the shares of Lennar Corp LEN and lowered the price forecast to $141.00 from $150.00.
- 03/07/2025
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Lennar Corporation's First Quarter Earnings Conference Call to be Broadcast Live on the Internet
- MIAMI , March 6, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter ended February 28, 2025 after the market closes on March 20, 2025. Additionally, the Company will hold a conference call on March 21, 2025 at 11:00 a.m.
- 03/06/2025
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Lennar Expands Its Reach With Rausch Coleman Acquisition
- LEN strengthens its market position with a key acquisition.
- 02/11/2025
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Lennar (LEN) Rises But Trails Market: What Investors Should Know
- In the closing of the recent trading day, Lennar (LEN) stood at $122.69, denoting a +0.62% change from the preceding trading day.
- 02/10/2025
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Millrose Properties Completes Acquisition of Rausch Coleman Homes Land Assets
- MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), a “first-of-its-kind” Homesite Option Purchase Platform for residential homebuilders (HOPP'R), announced today that it has completed the previously announced acquisition of approximately 24,000 homesites from Rausch Coleman Homes (“Rausch Coleman”), and simultaneously executed option agreements with Lennar Corporation (“Lennar”) on all acquired homesites. Millrose acquired the Rausch Coleman homesites for approximately $.
- 02/10/2025
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Lennar Completes Acquisition of Rausch Coleman Homes
- MIAMI , Feb. 10, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B, "Lennar") announced today the completion of the previously announced acquisition of Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas ("Rausch Coleman"). Lennar acquired Rausch Coleman's homebuilding operations, which delivered approximately 5,300 homes with an average sales price of about $230,000 in calendar year 2024.
- 02/10/2025
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Lennar Corporation Completes Spin-Off Of Millrose Properties
- On February 07, 2024, Millrose Properties (NYSE: MRP; $26.74; Market Capitalization: $3.5 billion), and Lennar Corporation (NYSE: LEN, $121.94; Market Capitalization: $32.2 billion) started regular-way trading. MRP opened at $23.49, made an intraday high of $27.07, and a low of $22.26 before closing at $26.74.
- 02/10/2025
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Lennar Completes Spin-off of Millrose Properties
- MIAMI , Feb. 7, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B, "Lennar"), one of the nation's leading homebuilders, and Millrose Properties, Inc. (NYSE: MRP, "Millrose"), a "first-of-its-kind" homesite option purchase platform, jointly announced today that they have successfully completed the previously announced taxable spin-off (the "Spin-Off") of Millrose from Lennar through a distribution of approximately 80% of Millrose's stock to Lennar's stockholders (the "Distribution"). Prior to the open of trading on the New York Stock Exchange today, each holder of Lennar Class A or Class B common stock as of the close of business on January 21, 2025, the record date of the Spin-Off, received one share of Millrose Class A common stock, unless the holder elected to receive one share of Millrose Class B common stock, for each two shares of Lennar Class A or Class B common stock.
- 02/07/2025
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Lennar (LEN) Beats Stock Market Upswing: What Investors Need to Know
- The latest trading day saw Lennar (LEN) settling at $128.29, representing a +1.66% change from its previous close.
- 02/04/2025
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Previously Disclosed Millrose Spin-off Record Date and Election Period for Lennar Stockholders Begins Today
- MIAMI , Jan. 21, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") is issuing this press release to remind Lennar stockholders that the previously disclosed record date and election period for the taxable spin-off of approximately 80% of the stock of Millrose Properties, Inc. ("Millrose") begins today. On February 7, 2025, each holder of Lennar Class A or Class B common stock as of the close of business today (January 21, 2025) (the "record date") shall receive one share of Millrose Class A common stock for each two shares of Lennar Class A or Class B common stock held of record on the record date.
- 01/21/2025
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Lennar (LEN) Up 1.7% Since Last Earnings Report: Can It Continue?
- Lennar (LEN) reported earnings 30 days ago. What's next for the stock?
- 01/17/2025
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Rockhill Capital & Investments Sells 1,800-Acre New Fairview Property to Lennar
- FRISCO, Texas--(BUSINESS WIRE)--North Texas real estate developer Rockhill Capital & Investments today announced the sale of a 1,807-acre property in New Fairview, Texas, to Lennar. Lennar plans to bring over 4,000 homes with additional multifamily units to the site, now called Ranchland, near County Line Road and Farm to Market Road 407. Development is anticipated to begin in the summer of 2025, with new homes available in the summer of 2028, according to Lennar. “At Rockhill, we strive to.
- 01/15/2025
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Lennar Corporation Declares Quarterly Dividends
- MIAMI , Jan. 14, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on February 12, 2025 to holders of record at the close of business on January 29, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations.
- 01/14/2025
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Lennar Stock Declines 26% in Three Months: Should You Buy the Dip?
- Can LEN stock rebound after a 26% slump? Here's what investors need to know.
- 01/08/2025
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Stock Of The Day: Is Home Builder Lennar About To Rally?
- Shares of homebuilder Lennar Corporation LEN are trading higher Tuesday. A new rally may be about to start.
- 12/31/2024
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Homebuilder stocks are trying to tell us something about the 2025 housing market
- Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter.
- 12/25/2024
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Lennar Corporation (LEN) Q4 2024 Earnings Call Transcript
- Lennar Corporation (NYSE:LEN ) Q4 2024 Results Conference Call December 19, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Fred Rothman - Chief Operating Officer Marshall Ames - Chairman, Lennar Charitable Foundation Conference Call Participants Alan Ratner - Zelman & Associates Michael Rehaut - JP Morgan Stephen Kim - Evercore ISI Trevor Allinson - Wolfe Research Susan Maklari - Goldman Sachs John Lovallo - UBS Operator Welcome to Lennar's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 12/19/2024
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Lennar's Q4 Earnings Results Are Not Looking Great For 2025
- Lennar Corporation's Q4 and full-year 2024 results missed expectations, with revenues down 9% y/y and EPS down 15% y/y, leading to a 6% share price drop. Management's guidance for Q1 2025 was disappointing, with new orders and deliveries expected to be lower than consensus estimates, reflecting ongoing market challenges. The relationship between Fed rate cuts and mortgage rates is complex, with high 10-year treasury yields and mortgage rates dampening housing market demand.
- 12/19/2024
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Lennar Stock Drops as Earnings, Revenue Miss Esitmates
- Shares of home construction stock Lennar Corp (NYSE:LEN) are 2.7% lower at $141.98 today, and earlier hit an annual bottom of $135.21.
- 12/19/2024
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Lennar blames high rates for sales miss but says its home prices also need to fall
- Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to reignite buying.
- 12/19/2024
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Home Builder Lennar Stock Falls as High Mortgage Rates Hurt Results
- Shares of Lennar (LEN) fell Thursday, a day after the home builder posted weaker-than-expected results and guidance as high mortgage rates limited sales.
- 12/19/2024
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Lamb Weston Posts Weak Q2 Results, Joins Micron, Lennar And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
- U.S. stock futures were higher this morning, with the Dow futures gaining over 100 points on Thursday.
- 12/19/2024
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Lennar: Weak Q4 Results Significantly Dampen The 2025 Outlook (Rating Downgrade)
- Lennar's shares have dropped 25% in three months, with weak earnings and rising mortgage rates further pressuring the stock, now down 10% from its March peak. Q4 deliveries fell 7%, and new orders missed guidance by a significant margin, indicating a dramatic market slowdown due to higher rates. Lennar's strong balance sheet and planned spin-off of land assets into Millrose Properties offer some financial stability, but market uncertainties persist.
- 12/19/2024
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Lennar (LEN) Reports Q4 Earnings: What Key Metrics Have to Say
- Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 12/18/2024
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Lennar (LEN) Misses Q4 Earnings and Revenue Estimates
- Lennar (LEN) came out with quarterly earnings of $4.03 per share, missing the Zacks Consensus Estimate of $4.16 per share. This compares to earnings of $5.17 per share a year ago.
- 12/18/2024
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Lennar falls on Q4 results
- Alan Ratner, Zelman & Associates managing director, joins 'Closing Bell Overtime' to talk Lennar falling on Q4 results.
- 12/18/2024
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Lennar Reports Fourth Quarter and Fiscal 2024 Results
- 2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments) Net earnings of $1.1 billion New orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billion Backlog of 11,633 homes with a dollar value of $5.4 billion Deliveries decreased 7% to 22,206 homes Total revenues of $9.9 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.1% S,G&A expenses as a % of revenues from home sales of 7.2% Net margin on home sales of 14.9% Financial Services operating earnings of $154 million Multifamily operating loss of $0.2 million Lennar Other operating earnings of $0.5 million Homebuilding cash and cash equivalents of $4.7 billion Years supply of owned homesites of 1.1 years and controlled homesites of 82% No outstanding borrowings under the Company's $2.9 billion revolving credit facility Homebuilding debt to total capital of 7.5% Repurchased 3 million shares of Lennar common stock for $521 million In November 2024, the Company entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder, which is expected to close in the first quarter of 2025 2024 Fiscal Year Highlights - comparisons to prior year Net earnings per diluted share of $14.31 ($13.86, excluding mark-to-market gains and other one-time items, (collectively, "adjustments")) Net earnings of $3.9 billion ($3.8 billion excluding adjustments) New orders increased 11% to 76,951 homes Deliveries increased 10% to 80,210 homes Total revenues of $35.4 billion Gross margin on home sales of 22.3%; net margin of 14.9% Redeemed/repurchased $554 million of senior notes Repurchased 13.6 million shares of Lennar common stock for $2.1 billion Homebuilding return on inventory of 29.2% MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024. Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion, or $4.06 per diluted share, compared to $1.4 billion, or $4.82 per diluted share in the fourth quarter of 2023.
- 12/18/2024
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Lennar Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Lennar Corporation LEN will release earnings results for its fourth quarter, after the closing bell on Wednesday, Dec. 18.
- 12/18/2024
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Lennar Subsidiary Makes SEC Filing Regarding Planned Spin-Off
- MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar"), one of the nation's leading homebuilders, announced that its recently formed subsidiary, Millrose Properties, Inc. ("Millrose"), has filed with the Securities and Exchange Commission a registration statement under the Securities Act of 1933 on Form S-11 relating to a planned spin-off consisting of a contribution by Lennar to Millrose of land and cash and a distribution of Millrose's stock to Lennar's stockholders (the "Spin-Off"). The planned Spin-Off is subject to final approval from the Lennar Board of Directors and other customary conditions.
- 12/18/2024
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Home Builders See a Busy Spring. Lennar's Outlook Will Set the Tone.
- Lennar operates in about half of U.S. states, giving it good visibility into housing trends.
- 12/18/2024
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Should You Buy, Hold or Fold Lennar Stock Ahead of Q4 Earnings?
- LEN's fiscal fourth-quarter 2024 results are likely to reflect decreased deliveries with a flat gross margin and higher SG&A expenses.
- 12/17/2024
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Lennar (LEN) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
- Evaluate the expected performance of Lennar (LEN) for the quarter ended November 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
- 12/13/2024
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Why Lennar (LEN) Dipped More Than Broader Market Today
- Lennar (LEN) concluded the recent trading session at $155.47, signifying a -1.7% move from its prior day's close.
- 12/12/2024
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Analysts Estimate Lennar (LEN) to Report a Decline in Earnings: What to Look Out for
- Lennar (LEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 12/11/2024
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Lennar (LEN) Upgraded to Buy: Here's Why
- Lennar (LEN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 12/09/2024
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Lennar and Base Power to Provide Homeowners a Battery-Powered Home Energy Service in Key Texas Markets
- DALLAS , Dec. 5, 2024 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, today announced plans to equip select Lennar communities in the Austin and Dallas-Fort Worth area with home backup battery systems by Base Power. Through this collaboration, Lennar homeowners will have the opportunity to register for Base's monthly electricity service and receive a complimentary Base backup battery.
- 12/05/2024
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Lennar (LEN) Outperforms Broader Market: What You Need to Know
- Lennar (LEN) closed at $173.58 in the latest trading session, marking a +0.06% move from the prior day.
- 12/03/2024
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Giant homebuilders are taking over the housing market—just look at Lennar
- Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter.
- 11/30/2024
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The Zacks Analyst Blog Dream Finders, Taylor Morrison, KB Home and Lennar
- Dream Finders, Taylor Morrison, KB Home and Lennar are included in this Analyst Blog.
- 11/29/2024
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Lennar (LEN) Ascends While Market Falls: Some Facts to Note
- In the most recent trading session, Lennar (LEN) closed at $174.10, indicating a +0.4% shift from the previous trading day.
- 11/27/2024
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Lennar: A Solid Investment With Its Land-Light Strategy
- Lennar Corporation's asset-light strategy aims to improve shareholder value. Has expansion catalyst, and potential boosts from the administration's plan. Lennar's strong financial health is evident through planned $2 billion stock buybacks, signaling management's confidence.
- 11/23/2024
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Lennar to Expand in New & Existing Markets With Rausch Coleman Buyout
- LEN benefits from accretive business strategies, operational excellence, land strategy and cash flow.
- 11/20/2024
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Lennar (LEN) Outperforms Broader Market: What You Need to Know
- In the closing of the recent trading day, Lennar (LEN) stood at $168.75, denoting a +0.49% change from the preceding trading day.
- 11/19/2024
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Lennar (LEN) Beats Stock Market Upswing: What Investors Need to Know
- Lennar (LEN) closed the most recent trading day at $166.33, moving +0.09% from the previous trading session.
- 11/13/2024
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Lennar (LEN) Exceeds Market Returns: Some Facts to Consider
- Lennar (LEN) closed the most recent trading day at $171.41, moving +1.61% from the previous trading session.
- 11/07/2024
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U.S. housing market is on the ‘verge of a vicious cycle,' which is ‘not good for America,' Lennar Mortgage head warns
- Laura Escobar, the president of Lennar Mortgage, said the lack of affordable housing options poses a threat to America's future.
- 10/28/2024
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Is Lennar Stock a Buy, Sell or Hold at a P/E Multiple of 11.51X?
- Lennar Corporation LEN is currently trading at a valuation almost on par with the Zacks Building Products - Home Builders industry, with its forward 12-month price-to-earnings (P/E) ratio at 11.51 with a Value Score of B. The industry is currently trading at 11.3X.
- 10/15/2024
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Lennar Outlines Plans For REIT Spin-Off
- On September 20, 2024, Lennar Corporation (NASDAQ: LEN, $180.45; Market Capitalization: $48.6 billion), one of the largest homebuilders in the US, announced its intention to spin off some of its land banking assets. The spin-off, named Millrose Properties Inc. (Millrose), is anticipated to qualify as a Real Estate Investment Trust (REIT), which will acquire and develop land for Lennar and other home builders, providing fully developed homesites through land option contracts.
- 10/10/2024
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Why Lennar Stock Could Be the Best Play in the Housing Market
- Lennar LEN has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and capital returns.
- 10/07/2024
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Zacks Industry Outlook Lennar, PulteGroup, NVR, M/I Homes and Century Communities
- Lennar, PulteGroup, NVR, M/I Homes and Century Communities have been highlighted in this Industry Outlook article.
- 10/07/2024
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Decoding Lennar Corp (LEN): A Strategic SWOT Insight
- On October 2, 2024, Lennar Corp (LEN, Financial), one of the United States' leading homebuilders, released its 10-Q filing, revealing a comprehensive financial performance and strategic positioning. The filing indicates a solid revenue increase in homebuilding, from $8.32 million in the three months ended August 31, 2023, to $9.05 million in the same period in 2024.
- 10/03/2024
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Why Lennar Stock Could Be the Best Play in the Housing Market
- Lennar NYSE: LEN has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and capital returns.
- 10/01/2024
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Lennar Reports Third Quarter 2024 Results
- Third Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 10% to $4.26 $3.90, excluding mark-to-market gains on technology investments and one-time items in the Company's Multifamily segment Net earnings increased 5% to $1.2 billion New orders increased 5% to 20,587 homes Backlog of 16,944 homes with a dollar value of $7.7 billion Deliveries increased 16% to 21,516 homes Total revenues of $9.4 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.5% S,G&A expenses as a % of revenues from home sales of 6.7% Net margin on home sales of 15.8% Financial Services operating earnings of $144 million Multifamily operating earnings of $79 million Lennar Other operating earnings of $20 million Homebuilding cash and cash equivalents of $4.0 billion Years supply of owned homesites of 1.1 years and controlled homesites of 81% No outstanding borrowings under the Company's $2.2 billion revolving credit facility Homebuilding debt to total capital of 7.6% Repurchased 3.4 million shares of Lennar common stock for $519 million MIAMI , Sept. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its third quarter ended August 31, 2024.
- 09/19/2024
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Lennar Reports Second Quarter 2024 Results
- Second Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 15% to $3.45 $3.38, excluding mark-to-market losses on technology investments and one-time gain on sale of a technology investment Net earnings increased 9% to $954 million New orders increased 19% to 21,293 homes Backlog of 17,873 homes with a dollar value of $8.2 billion Deliveries increased 15% to 19,690 homes Total revenues of $8.8 billion Homebuilding operating earnings of $1.3 billion Gross margin on home sales of 22.6% S,G&A expenses as a % of revenues from home sales of 7.5% Net margin on home sales of 15.1% Financial Services operating earnings of $146 million Multifamily operating loss of $20 million Lennar Other operating loss of $28 million Homebuilding cash and cash equivalents of $3.6 billion Years supply of owned homesites of 1.2 years and controlled homesites of 79% No outstanding borrowings under the Company's $2.2 billion revolving credit facility Homebuilding debt to total capital of 7.7% Redeemed $454 million aggregate principal amount of its 4.50% senior notes due April 2024 Repurchased $100 million aggregate principal amount of its 4.75% senior notes due November 2027 Repurchased 3.8 million shares of Lennar common stock for $603 million MIAMI , June 17, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its second quarter ended May 31, 2024. Second quarter net earnings attributable to Lennar in 2024 were $954 million, or $3.45 per diluted share, compared to second quarter net earnings attributable to Lennar in 2023 of $872 million, or $3.01 per diluted share.
- 06/17/2024
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Quarterra Multifamily Announces the Start of Leasing at Dryden Apartments
- Luxury high-rise community combines sophistication with convenience in Denver's Golden Triangle Neighborhood DENVER , June 7, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Dryden, a luxury community that blends urban activity and walkability with the elegance and culture of Denver's thriving Golden Triangle Neighborhood. Dryden is a 420-home high-rise community adjacent to Downtown Denver and featuring 9,241 square feet of leasable retail space.
- 06/07/2024
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LENNAR CORPORATION'S SECOND QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
- MIAMI , June 4, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter ended May 31, 2024 after the market closes on June 17, 2024. Additionally, the Company will hold a conference call on June 18, 2024 at 11:00 a.m.
- 06/04/2024
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LENNAR CORPORATION'S FOURTH QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
- MIAMI , Dec. 1, 2023 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter ended November 30, 2023 after the market closes on December 14, 2023. Additionally, the Company will hold a conference call on December 15, 2023 at 11:00 a.m.
- 12/01/2023
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Quarterra Multifamily Announces Start of Leasing at Rowan Apartments
- Quarterra's first Nevada community provides modern, active living experience just outside Reno SPARKS, Nev. , April 6, 2023 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, today announced the start of leasing at Rowan , a sophisticated community in the burgeoning Reno, Nev.
- 04/06/2023
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LENNAR CORPORATION'S FIRST QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
- MIAMI , March 6, 2023 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter ended February 28, 2023 after the market closes on March 14, 2023. Additionally, the Company will hold a conference call on March 15, 2023 at 11:00 a.m.
- 03/06/2023
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Quarterra Announces the Opening of Emblem Riverside Apartments
- Garden-style community brings 320 new homes to Douglasville, Ga. ATLANTA , Jan. 25, 2023 /PRNewswire/ -- Quarterra , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, today announced the opening of its newest community, Emblem Riverside , in the Atlanta suburb of Douglasville.
- 01/25/2023
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Lennar Reports Fourth Quarter and Fiscal 2022 Results
- 2022 Fourth Quarter Highlights – comparisons to the prior year quarter Net earnings per diluted share increased 16% to $4.55 Increased 15% to $5.02, excluding mark-to-market adjustments on technology investments, homebuilding impairments and deposit write-offs (collectively, "adjustments") Net earnings increased 11% to $1.3 billion Increased 10% to $1.5 billion, excluding adjustments Deliveries increased 13% to 20,064 homes New orders decreased 15% to 13,200 homes; new orders dollar value decreased 24% to $5.5 billion Backlog decreased 21% to 18,869 homes; backlog dollar value decreased 23% to $8.7 billion Total revenues increased 21% to $10.2 billion Homebuilding operating earnings increased 4% to $1.8 billion Gross margin on home sales of 24.8% Pre-impairment gross margin on home sales of 25.3% - down 270 basis points ("bps") S,G&A expenses as a % of revenues from home sales improved 20 bps to 5.8% Net margin on home sales of 19.0% Financial Services operating earnings of $124.8 million, compared to operating earnings of $111.2 million Multifamily operating earnings of $14.8 million, compared to operating earnings of $9.3 million Lennar Other operating loss of $106.1 million, compared to operating loss of $176.2 million Homebuilding cash and cash equivalents of $4.6 billion Years supply of owned homesites improved to 2.5 years, compared to 3.0 years Controlled homesites increased to 63%, compared to 59% No outstanding borrowings under the Company's $2.6 billion revolving credit facility Homebuilding debt to total capital improved to 14.4%, compared to 18.3% 2022 Fiscal Year Highlights – comparisons to the prior year Net earnings, deliveries and revenues for 2022 were the highest in the Company's history Net earnings per diluted share increased 10% to $15.72 Increased 38% to $17.91, excluding adjustments Net earnings increased 4% to $4.6 billion Increased 29% to $5.2 billion, excluding adjustments Deliveries increased 11% to 66,399 homes New orders decreased 5% to 61,105 homes Total revenues increased 24% to $33.7 billion Net margin on home sales improved 170 bps to 21.4 % Retired early $575 million of homebuilding senior notes due November 2022 Repurchased 11 million shares of Lennar common stock for $967.4 million MIAMI , Dec. 14, 2022 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2022. Fourth quarter net earnings attributable to Lennar in 2022 were $1.3 billion, or $4.55 per diluted share, compared to $1.2 billion, or $3.91 per diluted share in the fourth quarter of 2021.
- 12/14/2022
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LENNAR CORPORATION'S FOURTH QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
- MIAMI , Dec. 1, 2022 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter ended November 30, 2022 after the market closes on December 14, 2022. Additionally, the Company will hold a conference call on December 15, 2022 at 11:00 a.m.
- 12/01/2022
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LENNAR CORPORATION'S SECOND QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
- MIAMI , June 7, 2022 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter ended May 31, 2022 after the market closes on June 20, 2022. Additionally, the Company will hold a conference call on June 21, 2022 at 11:00 a.m.
- 06/07/2022
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Lennar: Strong Secular Tailwinds Propel This Stock
- Decades of new home construction below demand created tight inventory that will likely continue.
- 09/08/2021
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Jeff Roos, Regional President for Lennar, Named 2021 Inductee into California Homebuilding Foundation's Hall of Fame
- IRVINE, Calif., June 24, 2021 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced today that Jeff Roos, Regional President for Lennar's Western Region, is one of five 2021 inductees into California Homebuilding Foundation's (CHF) Hall of Fame.
- 06/24/2021
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Third Avenue Value Fund's Top 1st-Quarter Trades
- Third Avenue Value Fund (Trades, Portfolio) has revealed its portfolio for the first quarter, which ended Jan. 31. Top trades include new buys into Lazard Ltd.
- 03/30/2021
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Lennar Reports First Quarter EPS of $3.20
- MIAMI, March 16, 2021 /PRNewswire/ -- Net earnings of $1.0 billion, or $3.20 per diluted share, compared to net earnings of $398.5 million, or $1.27 per diluted share – both up over 150% Excluding the pretax gain of $469.7 million ($358.7 million after tax) related to the mark to market of a strategic investment that went public, EPS would have been $2.04 per diluted share Deliveries of 12,314 homes – up 19% New orders of 15,570 homes – up 26%; new orders dollar value of $6.5 billion – up 31% Backlog of 22,077 homes – up 25%; backlog dollar value of $9.5 billion – up 32% Revenues of $5.3 billion – up 18% Homebuilding net margins of $824.8 million, compared to $474.3 million Gross margin on home sales of 25.0%, compared to 20.5% S,G&A expenses as a % of revenues from home sales of 8.4%, compared to 9.2% Net margin on home sales of 16.6%, compared to 11.4% Financial Services operating earnings of $146.2 million, compared to $58.2 million Multifamily operating loss of $0.9 million, compared to operating earnings of $1.8 million Lennar Other operating earnings of $471.3 million (including $469.7 million gain related to a strategic investment that went public), compared to $0.9 million Homebuilding cash and cash equivalents of $2.4 billion No borrowings under the Company's $2.5 billion revolving credit facility Homebuilding debt to total capital of 24.0%, compared to 33.6% Controlled homesites as a percentage of total owned and controlled homesites increased to 45%, compared to 31% Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its first quarter ended February 28, 2021. First quarter net earnings attributable to Lennar in 2021 were $1.0 billion, or $3.20 per diluted share, compared to first quarter net earnings attributable to Lennar in 2020 of $398.5 million, or $1.27 per diluted share.
- 03/16/2021
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5 Undervalued Stocks With Profitable Business
- According to the GuruFocus discounted cash flow calculator as of March 14, the following companies have a high margin of safety and have grown their margins over a 10-year period.
- 03/14/2021
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