Lennar earnings soar amid positive builder news

Wedbush downgraded homebuilding company Lennar Corporation (NYSE: LEN) in February, but the research firm sees multiple reasons why a bullish stance can be warranted again. Wedbush’s Jay McCanless.

Lennar earnings soar amid positive builder news Is Lennar a Better Housing Stock than Pulte Now?. Though 2016 started on a shaky note amid equity market volatility and global concerns, the housing fundamentals seem positive for the rest of.

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SIGTARP: Seven charged in multi-million dollar mortgage scheme lennar earnings soar amid positive builder news lennar orders in order. breathe | Builder Magazine. – Lennar Q4 earnings posted this a.m., and part of the good news is that Lennar gutted out a tough-comping orders print of up 13% sequentially.

The Standard & Poor’s Supercomposite Homebuilding Index – which includes PulteGroup Inc., Lennar Corp. and nine. based PulteGroup – the second-largest builder by market value – released.

The retail giant also forecast current-quarter earnings at the low end of analysts’ estimates. Other retail stocks were mostly in the red Tuesday as cautious second-quarter and full-year outlooks.

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The U.S.Census Bureau and the Department of Housing and Urban Development released a monthly report showing that new home sales increased 7% in June to register a seasonally adjusted annual rate of 646,000 units for the month, representing 4.5% year-over-year growth. Although the number missed expectations by 10,000 units, it still represents a recovery from two consecutive months of decline.

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Lennar (LEN) reports earnings on 9/24/2019. Shares are down 3.7% since reporting last quarter. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings.

Further, the National Association of Home Builders (NAHB) reported that the home builder sentiment. Leading homebuilders, Lennar and KB Home – the early birds – set the tempo for the season with.

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Lennar Corporation (NYSE: LEN ) stock remains attractive in the long term, sell-side analysts said Wednesday after investors sent the share price on a post-earnings roller-coaster ride. The.

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