Lennar Corp
LEN
ISIN US5260571048 / Valor 947030
Lennar Corp
UMushroom community rating:
About company
Lennar Corp is a leading homebuilder that offers a wide range of services, including mortgage financing through its subsidiary Lennar Mortgage, LLC. The company also specializes in innovative home designs, such as the Next Gen® - The Home Within a Home, catering to multigenerational families. Lennar's commitment to providing quality homes and financial services has solidified its position as a trusted name in the industry.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (17.12.2024):
Revenue Growth
Lennar Corp reported total revenues of $9.42 billion for the third quarter of 2024, reflecting an increase from $8.73 billion in the same quarter of 2023. This growth was driven by strong performance across its Homebuilding, Financial Services, and Multifamily segments.
Net Earnings
For the third quarter of 2024, Lennar Corp's net earnings attributable to the company were $1.16 billion, compared to $1.11 billion in the third quarter of 2023. This increase in net earnings highlights the company's effective cost management and operational efficiency.
Earnings Per Share
Lennar Corp reported basic and diluted earnings per share of $4.26 for the third quarter of 2024, up from $3.87 in the same period of the previous year. This improvement in earnings per share reflects the company's strong financial performance and shareholder value creation.
Cash Flow
During the nine months ended August 31, 2024, Lennar Corp generated net cash provided by operating activities of $2.59 billion, compared to $2.87 billion in the same period of 2023. The company continues to maintain a robust cash flow position, supporting its strategic investments and shareholder returns.
Outlook
Lennar Corp remains optimistic about its future performance, expecting continued growth and profitability. The company anticipates variability in quarterly results due to seasonality but is confident in its ability to navigate market conditions and deliver value to its stakeholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
33108 M
Market cap (USD)
775,176
Daily traded volume (Shares)
139.46 / 137
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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