Last $32.29 USD
Change Today -0.21 / -0.65%
Volume 16.9K
LEN/B On Other Exchanges
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As of 1:36 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

lennar corp - b shs (LEN/B) Snapshot

Open
$32.55
Previous Close
$32.50
Day High
$32.55
Day Low
$31.63
52 Week High
02/27/14 - $36.56
52 Week Low
08/15/13 - $25.18
Market Cap
7.6B
Average Volume 10 Days
11.5K
EPS TTM
$2.12
Shares Outstanding
31.3M
EX-Date
04/21/14
P/E TM
15.2x
Dividend
$0.16
Dividend Yield
0.50%
Current Stock Chart for LENNAR CORP - B SHS (LEN/B)

lennar corp - b shs (LEN/B) Details

Lennar Corporation, together with its subsidiaries, is engaged in homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto Investments, 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 headquartered in Miami, Florida.

5,741 Employees
Last Reported Date: 01/28/14
Founded in 1954

lennar corp - b shs (LEN/B) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $800.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $650.0K
Chief Operating Officer and Vice President
Total Annual Compensation: $800.0K
General Counsel and Secretary
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

lennar corp - b shs (LEN/B) Key Developments

Lennar Corporation Declares Quarterly Dividends, Payable on May 7, 2014

Lennar Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on May 7, 2014 to holders of record at the close of business on April 23, 2014.

Lennar Corp. Reports Unaudited Consolidated Financial Results for the First Quarter Ended February 28, 2014

Lennar Corp. reported unaudited consolidated financial results for the first quarter ended February 28, 2014. First quarter net earnings attributable to Lennar in 2014 were $78.1 million, or $0.35 per diluted share, which included a $45.9 million tax provision, compared to first quarter 2013 net earnings attributable to Lennar of $57.5 million, or $0.26 per diluted share, which included a $3.6 million tax benefit. Revenues from home sales increased 33% in the first quarter of 2014 to $1.1 billion from $855.1 million in the first quarter of 2013. Revenues were higher primarily due to a 13% increase in the number of home deliveries, excluding unconsolidated entities, and an 18% increase in the average sales price of homes delivered. Total revenues were $1,363,095 against $990,243 for the same period of last year. Earnings before income taxes was $125,876 against $53,321 for the same period of last year. EBIT was $165,012 against $100,144 for the same period of last year.

Lennar Provides Earnings Guidance for 2014

Lennar provided earnings guidance for 2014. The company's gross margin expectations are still to average 25% for the full year, with the fourth quarter being higher than the second and third quarter of this year. 2014 effective tax rate is now expected to be about 37%.

 

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LEN/B:US $32.29 USD -0.21

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Industry Analysis

LEN/B

Industry Average

Valuation LEN/B Industry Range
Price/Earnings 17.6x
Price/Sales 1.2x
Price/Book 1.8x
Price/Cash Flow 13.3x
TEV/Sales 0.0x
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