Media coverage about Lennar Corporation (NYSE:LEN) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lennar Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.2833072368027 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Lennar Corporation (LEN) Expected to Post Earnings of $1.50 Per Share (americanbankingnews.com)
- Stocks With Rising Relative Price Strength: Lennar (finance.yahoo.com)
- Lennar Corp. Signs Lease at 500 E. Morehead St. in Charlotte (costar.com)
- Lennar Announces Model Grand Openings at The Groves and Kindred Cove Communities on Nov. 11 (marketwatch.com)
- Lennar Earns Relative Strength Rating Upgrade (finance.yahoo.com)
Lennar Corporation (LEN) opened at C$58.71 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. Lennar Corporation has a one year low of C$40.94 and a one year high of C$59.32. The company has a market capitalization of $13,812.11, a P/E ratio of 15.05, a PEG ratio of 1.42 and a beta of 1.31.
Lennar Corporation (NYSE:LEN) last issued its earnings results on Tuesday, October 3rd. The company reported C$1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.01 by C$0.05. The company had revenue of C$3.26 billion during the quarter, compared to the consensus estimate of C$3.25 billion. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. research analysts anticipate that Lennar Corporation will post 4.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Thursday, October 19th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $0.16 annualized dividend and a yield of 0.27%. Lennar Corporation’s dividend payout ratio (DPR) is presently 4.61%.
Several brokerages have recently commented on LEN. Mizuho cut Lennar Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $59.00 to $53.00 in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price target on shares of Lennar Corporation in a report on Thursday, July 27th. Bank of America Corporation raised their price target on Lennar Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $64.00 price target on shares of Lennar Corporation in a report on Monday, August 21st. Finally, Zacks Investment Research cut Lennar Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$57.93.
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In related news, CFO Bruce E. Gross sold 5,000 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of C$56.48, for a total value of C$282,400.00. Following the completion of the sale, the chief financial officer now directly owns 376,043 shares in the company, valued at approximately C$21,238,908.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.18% of the company’s stock.
Lennar Corporation Company Profile
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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