에 대한 최신 뉴스 Lennar (NYSE:LEN) 주식

Lennar

Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.

Earnings

News

After-Hours Center

Movers

Real Estate

KB 홈(NYSE:KBH)의 주가는 회사가 화요일 2분기 재무 실적을 발표한 이후 상승했다. 자세한 내용은 다음과 같다. 주요 내용 (The Details): KB 홈은 분기별 주당 순이익을 2.15달러로 보고했는데, 이는 분석가 컨센서스인 1.78달러를 20.79%나 앞선 것이다. 분기별 매출은 17억 1,000만 달러로, 분석가 컨센서스인 16억 5,100만 달러를 3.57% 앞섰다.

KB 홈: 예상보다 좋은 2분기 실적 발표 이후 주가가 상승

레나(NYSE:LEN)는 월요일 시장 마감 후 2분기 재무 결과를 발표했다. 보고서의 주요 수치는 다음과 같다. 주요 정보 (The Details): 레나는 분기별 이익을 주당 3.38달러로 보고했는데, 이는 애널리스트 컨센서스인 3.24달러를 4.32% 앞선 것이다.

홈 빌더 레나는 예상보다 나은 2분기 실적과 약한 전망을 발표한 후 주가가 하락

Equities

Pre-Market Outlook

Markets

Trading Ideas

NFBK

QMCO

RRGB

월요일 아침(현지 시간) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데, 오늘 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다: 월스트리트는 레나 코퍼레이션(NYSE:LEN)이 시장 마감 후 분기별 이익은 주당 3.24달러, 매출은 85억 2천만 달러로 보고할 것으로 예상한다. 벤징가 프로의 데이터에 따르면 레나의 주가는 금요일에 0.04% 상승한 155.10달러에 마감했다. 

레나, 레이지보이 그리고 월요일 주목해야 할 주식 3종목

Lennar Corp

Aave - United States Dollar

Lenta IPJSC

LENZ Therapeutics Inc

Raymond James analyst Buck Horne downgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Outperform to Market Perform.

Downgrades

Analyst Ratings

Raymond James Downgrades Lennar to Market Perform

WIIM

Lennar shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $174 to $164.

Citigroup analyst Anthony Pettinari downgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Buy to Neutral and lowers the price target from $174 to $164.

Price Target

Citigroup Downgrades Lennar to Neutral, Lowers Price Target to $164

Argus Research analyst Chris Graja maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Buy and raises the price target from $175 to $180.

Argus Research Maintains Buy on Lennar, Raises Price Target to $180

KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) shares are trading lower Tuesday. A new report suggests the company is making a <a href="https://www.benzinga.com/real-estate/24/06/39161182/renters-are-staying-longer-amid-rising-housing-costs-and-high-mortgage-rates">big bet on rising rents</a>.
What To Know: According to a Wall Street Journal <a href="https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines">report</a>, KKR has made&nbsp;its largest purchase of apartment buildings ever,&nbsp;suggesting the private-equity firm is anticipating a rebound in multifamily housing. 
The report indicates that KKR paid $2.1 billion to acquire more than 5,200 apartment units across the United States. The multifamily housing deal included 18 new mid- and high-rise buildings and reportedly closed on Tuesday. 
KKR purchased the portfolio of properties from Lennar Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) apartment development arm Quarterra. Lennar reportedly said it would consider selling additional buildings from its portfolio to other buyers.&nbsp;
According to data firm MSCI Real Assets, apartment-building prices have fallen more than 20% from their peak in July 2022. Building sales were also reportedly 44% lower last month than they were a year earlier.
This isn&#8217;t the only property acquisition KKR has made this year. The firm reportedly paid $1.64 billion for a student-housing portfolio owned by Blackstone Real Estate Income Trust in April and KKR also bought an industrial campus in Nashville last month. 
KKR told the Wall Street Journal that it focused on building its real-estate business via high volumes of smaller transactions while interest rates were low. Now the firm has shifted its strategy as fewer buildings are selling and there are better opportunities for portfolio deals.
See Also: <a href="https://www.benzinga.com/general/24/06/39411231/grant-cardone-thinks-the-average-rent-in-america-will-nearly-double-in-the-next-decade-and-hes-inves">Grant Cardone Thinks The Average Rent In America Will Nearly Double In The Next Decade – And He&#8217;s Invested Accordingly</a>
KKR Price Action: KKR shares were down 0.25% at $107.20 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Unsplash.

What's Going On With KKR Stock Tuesday?

KKR Acquires 5,200 Apartment Units Across U.S. For $2.1 Billion From Quarterra, Lennar's Apartment Development Arm; Marks KKR's Largest Investment In Apartments, Betting On Rising Rents&nbsp;
&nbsp;
<a href="https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines" title="https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines">https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines</a>

'KKR Makes Its Biggest Foray Into Apartments, Betting on Rising Rents' - WSJ

What is the key to bringing home sale volume up and home prices down? America&#8217;s current problem is insufficient supply, according to a new report outlining trends in the <a href="https://www.benzinga.com/topic/housing-market">U.S. housing market</a>.
The Data: Freddie Mac&#8217;s May macroeconomic <a href="https://www.freddiemac.com/research/forecast/20240516-economic-growth-moderated-start-year?utm_source=www.resiclubanalytics.com&amp;utm_medium=referral&amp;utm_campaign=u-s-housing-market-is-1-5-million-housing-units-below-a-balanced-market-finds-freddie-mac">report</a> examined key trends in the housing and mortgage market.
While 2024&#8217;s <a href="https://www.benzinga.com/top-stories/24/06/39391685/fed-members-cool-on-raising-interest-rates-these-conditions-could-take-months-and-more-likely-quarte">higher-for-longer interest rate</a> environment remains the most obvious obstacle to lowering home prices, the report emphasized supply as a means to restore the market to balance.
According to the report, vacancy rates—a very low 0.8% for housing and 6.6% for renters—must be restored in line with historical averages to make a dent in housing prices. In the first quarter of 2024, the total number of for-sale and for-rent units was 1.5 million below the balanced supply.
Why it Matters: Home prices have reached record levels in 2024. In June, the median sale price of a U.S. home hit an&nbsp;<a href="https://www.benzinga.com/real-estate/24/06/39337282/u-s-home-prices-hit-record-high-as-mortgage-rates-start-to-decline">all-time high</a>&nbsp;of $394,000. The median price for renting has <a href="https://www.benzinga.com/real-estate/23/06/32719718/despite-high-rental-rates-americans-are-putting-off-home-buying-in-record-numbers">also risen steadily</a> in recent months, albeit showing some signs of slowing. 
The rising price of homes has made the American dream of owning a home unsustainable for many Americans, especially members of Generation Z.
Increasing the U.S. housing supply is a logical solution to bringing housing prices down and making shelter affordable for most Americans.
Market Implications: Companies involved in residential construction stand to benefit if there&#8217;s a push to increase housing supply. These include major homebuilders such as D.R. Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and PulteGroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>). Increased demand for new housing units could drive up their revenues.
The iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and the SPDR S&amp;P Homebuilders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHB#NYSE">XHB</a>) are among the largest exchange-traded funds tracking the home construction sector. The iShares U.S. Basic Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYM#NYSE">IYM</a>) tracks materials, some of which are used in construction.
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39462050/draftkings-offers-10k-prediction-pool-for-trump-biden-presidential-debate-11-questions-abo">DraftKings Offers $10K Prediction Pool For Trump, Biden Presidential Debate: 11 Questions About Immigration, Inflation, Putin And More</a></li>
</ul>
Image generated using artificial intelligence via Midjourney.

Economics

iShares Dow Jones US Homenstruction Index Fund

iShares Trust Dow Jones US Basic Materials Sector Index Fund

US Needs 1.5 Million More Homes To Tame Record Prices

Citigroup analyst Anthony Pettinari maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Buy and lowers the price target from $198 to $174.

Citigroup Maintains Buy on Lennar, Lowers Price Target to $174

BTIG analyst Carl Reichardt maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Buy and lowers the price target from $177 to $175.

BTIG Maintains Buy on Lennar, Lowers Price Target to $175

JMP Securities analyst Aaron Hecht reiterates Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Market Outperform and maintains $170 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Lennar, Maintains $170 Price Target

RBC Capital analyst Mike Dahl reiterates Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Underperform and maintains $145 price target.

RBC Capital Reiterates Underperform on Lennar, Maintains $145 Price Target

JP Morgan analyst Michael Rehaut maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Neutral and lowers the price target from $157 to $154.

JP Morgan Maintains Neutral on Lennar, Lowers Price Target to $154

Evercore ISI Group analyst Stephen Kim maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Outperform and lowers the price target from $238 to $237.

Evercore ISI Group Maintains Outperform on Lennar, Lowers Price Target to $237

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$200.00</td>
<td>$42.7K</td>
<td>84.8K</td>
<td>107.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$190.00</td>
<td>$119.8K</td>
<td>34.6K</td>
<td>9.3K</td>
</tr>
<tr>
<td>LEN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$155.00</td>
<td>$50.9K</td>
<td>777</td>
<td>485</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/28/24</td>
<td>$3500.00</td>
<td>$84.4K</td>
<td>87</td>
<td>391</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$150.00</td>
<td>$30.9K</td>
<td>1.4K</td>
<td>193</td>
</tr>
<tr>
<td>GCT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$35.00</td>
<td>$37.1K</td>
<td>8.5K</td>
<td>191</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$310.00</td>
<td>$76.8K</td>
<td>591</td>
<td>141</td>
</tr>
<tr>
<td>PLAY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$44.00</td>
<td>$41.6K</td>
<td>1.0K</td>
<td>53</td>
</tr>
<tr>
<td>TPX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$47.50</td>
<td>$40.9K</td>
<td>287</td>
<td>50</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/26/24</td>
<td>$152.50</td>
<td>$26.0K</td>
<td>50</td>
<td>25</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on June 21, 2024. This event was a transfer of 2375 contract(s) at a $200.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $18.0 per contract. There were 84896 open contracts at this strike prior to today, and today 107946 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on July 19, 2024. Parties traded 439 contract(s) at a $190.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $119.8K, with a price of $273.0 per contract. There were 34661 open contracts at this strike prior to today, and today 9354 contract(s) were bought and sold. 
• Regarding LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we observe a call option trade with neutral sentiment. It expires in 30 day(s) on July 19, 2024. Parties traded 200 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $255.0 per contract. There were 777 open contracts at this strike prior to today, and today 485 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on June 28, 2024. Parties traded 13 contract(s) at a $3500.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $84.4K, with a price of $6500.0 per contract. There were 87 open contracts at this strike prior to today, and today 391 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on July 19, 2024. This event was a transfer of 50 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $619.0 per contract. There were 1428 open contracts at this strike prior to today, and today 193 contract(s) were bought and sold. 
• Regarding GCT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>), we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on July 19, 2024. Parties traded 337 contract(s) at a $35.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $110.0 per contract. There were 8571 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on July 19, 2024. Parties traded 62 contract(s) at a $310.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $76.8K, with a price of $1240.0 per contract. There were 591 open contracts at this strike prior to today, and today 141 contract(s) were bought and sold. 
• Regarding PLAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on June 21, 2024. Parties traded 160 contract(s) at a $44.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $41.6K, with a price of $260.0 per contract. There were 1015 open contracts at this strike prior to today, and today 53 contract(s) were bought and sold. 
• Regarding TPX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPX#NYSE">TPX</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on June 21, 2024. Parties traded 512 contract(s) at a $47.50 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $40.9K, with a price of $80.0 per contract. There were 287 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option trade with neutral sentiment. It expires in 37 day(s) on July 26, 2024. Parties traded 25 contract(s) at a $152.50 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $1040.0 per contract. There were 50 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

AMZN

LULU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PLAY

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) shares are trading higher after the company reported its second-quarter financial results Tuesday. Here's a <a href="https://www.benzinga.com/pressreleases/24/06/b39389055/kb-home-reports-2024-second-quarter-results">look at the details.&nbsp;</a>
The Details: KB Home reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $1.78 by 20.79%. Quarterly sales came in at $1.71 billion, which beat the analyst consensus estimate of $1.651 billion by 3.57%.
KB Home said homes delivered were 3,523, compared to 3,666 year-over-year, and the average selling price increased to $483,000, up from $479,500. The company&#8217;s ending backlog homes of 6,270 and ending backlog value of $3.12 billion were down 14% and 10%, respectively.
&#8220;We produced solid results in our 2024 second quarter, with our key metrics above the high end of our guidance ranges,&#8221; said Jeffrey Mezger, chairman and CEO of KB Home.
&#8220;Buyers remained resilient in their desire for homeownership despite the volatility in mortgage interest rates. Our pace of monthly net orders per community was one of our highest second quarter levels in many years, which we believe reflected the compelling personalized choice that our Built to Order model offers to meet each buyer&#8217;s lifestyle and budget.&#8221;
Outlook:&nbsp;KB Home sees fiscal year revenue in a range of $6.7 billion to $6.9 billion, versus the $6.74 billion estimate, and the average selling price in the range of $485,000 to $495,000.
Related News:<a href="https://www.benzinga.com/news/24/05/38741220/whats-going-on-with-pelotons-stock"> </a><a href="https://www.benzinga.com/news/24/06/39387100/whats-going-on-with-chipmaker-arm-holdings-stock">What&#8217;s Going On With Chipmaker Arm Holdings Stock?</a>
Shares of homebuilders moved lower during regular trading Tuesday in sympathy with Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), which fell after reporting <a href="https://www.benzinga.com/news/earnings/24/06/39367210/homebuilder-lennar-reports-better-than-expected-q2-results-the-details">second-quarter earnings </a>and issuing guidance. KB Home shares closed Tuesday's regular session down 2.13% at $68.04. 
KBH Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, KB Home shares are up 1.72% after-hours at $69.74 at the time of publication Tuesday.
Photo: Shutterstock

KB Home Shares Climb After Better-Than-Expected Q2 Results

Lennar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/len#NYSE">LEN</a>) reported second-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate. On a year-over-year basis, both the top and bottom lines increased, given the company&#39;s emphasis on maintaining a steady production rate to drive sales momentum. Lennar strategically utilized pricing, incentives, marketing expenditure and dynamic pricing insights to ensure steady sales volume despite fluctuations in interest rates. 
However, the company&#39;s shares plunged 2.6% in the after-hours trading session on Jun 17. Investors&#39; sentiments might have been hurt by lower gross margin expectations and higher selling, general and administrative (SG&amp;A) guidance for the third quarter of fiscal 2024.
<h3>Quarterly Numbers</h3>
LEN reported quarterly earnings per share of $3.38, which surpassed the Zacks Consensus Estimate of $3.20 by 5.6%. The metric increased 15% year over year. 
Revenues of $8.8 billion topped the consensus mark of $8.6 billion by 2.2% and rose 9% year over year from $8.1 billion.
<div class="chart_embed">
<h3>Lennar Corporation Price, Consensus and EPS Surprise</h3>
<img alt="Lennar Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/54/1718716052.png" style="height:265px; width:591px" title="" />
Lennar Corporation price-consensus-eps-surprise-chart | Lennar Corporation Quote
</div>
<h3>Segment Details</h3>
Homebuilding: Revenues in the segment totaled $8.38 billion (which came ahead of our expectation of $8.2 billion), up 9.3% from the prior-year quarter. Under the Homebuilding umbrella, home sales contributed $8.36 billion to total revenues, up 9.4% from a year ago. 
Land sales accounted for $13.6 million, down from $16.3 million in the prior-year quarter. The Other homebuilding unit contributed $9.7 million to homebuilding revenues, down from $17.1 million a year ago. 
Home deliveries in the reported quarter improved 15% from the year-ago level to 19,690 units. The reported figure was better than our projection of 19,200 units for the quarter. The average sales price of homes delivered was $426,000, down 5% from the year-ago figure due to pricing to market through an increased use of incentives and product mix. Our model had predicted ASP to be $423,190 for the fiscal second quarter. 
New orders rose 19% from the year-ago quarter to 21,293 homes. The potential value of net orders also increased 12.5% year over year to $9.2 billion. 
Backlog at the fiscal second-quarter end declined 11.6% from a year ago to 17,873 homes. Potential housing revenues from backlog decreased 13.6% year over year to $8.2 billion. 
The gross margin on home sales was 22.6% for the quarter, up 10 basis points (bps) year over year. Notably, the reported figure came above our projection of 22.5% for the quarter. The upside was due to a consistent focus on reducing construction costs. 
SG&amp;A expenses &mdash; as a percentage of home sales &mdash; rose 80 bps to 7.5% due to an increase in the use of brokers resulting from current market conditions and an uptick in digital marketing and professional expenses and insurance costs. 
Financial Services: The segment&#39;s revenues increased year over year to $281.7 million from $223 million for the reported quarter. Operating earnings for the quarter increased to $147 million from $112.6 million a year ago. 
Lennar Multi-Family: Revenues of $99.5 million in the segment were down from $151.7 million in the prior-year quarter. The segment registered an operating loss of $20.5 million for the quarter, wider than the year-ago loss of $8.2 million. 
Lennar Other: The segment&#39;s revenues totaled $3.3 million, down from $0.4 million a year ago. Its operating loss was $29 million for the quarter compared with $18.4 million in the comparable period of fiscal 2023.
<h3>Financials</h3>
At the fiscal second-quarter end, Lennar had homebuilding cash and cash equivalents of $3.6 billion, down from $6.27 billion at the end of fiscal 2023. LEN has no outstanding borrowings under the $2.2 billion revolving credit facility, thereby providing $5.8 billion of liquidity. 
The total homebuilding debt was $2.24 billion as of the fiscal second-quarter end, down from $2.82 billion at the fiscal 2023-end. Homebuilding debt to capital at the fiscal second-quarter end was 7.7%, down from 9.6% at the fiscal 2023-end. 
LEN repurchased 3.8 million shares for $603 million in the fiscal second quarter.
<h3>Guidance</h3>
For third-quarter fiscal 2024, the company expects deliveries within 20,500-21,000 homes, depicting an increase from 18,559 homes delivered in the year-ago period. The company expects the ASP of the delivered units within $420,000-$425,000, down from an ASP of $448,000 reported a year ago. 
The gross margin on home sales is expected to be about 23%. SG&amp;A expenses, as a percentage of home sales, are likely to be in the range of 7.3%-7.5% for the quarter. In the prior year, gross margin was 24.4%, and SG&amp;A was 7%. 
New orders are likely to be within 20,500-21,000 units, up from 19,666 homes reported a year ago. 
Financial Services operating earnings are expected to be in the range of $135-$140 million in the fiscal third quarter.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Lennar currently carries a Zacks Rank #3 (Hold). 
Some better-ranked stocks in the Zacks Construction sector are: 
Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) presently carries a Zacks Rank #2 (Buy). HWM has a trailing four-quarter earnings surprise of 8.5%, on average. 
The Zacks Consensus Estimate for HWM&#39;s 2024 sales and EPS indicates a rise of 10.6% and 29.9%, respectively, from prior-year levels. 
M-tron Industries, Inc. (AMEX:MPTI) currently carries a Zacks Rank #2. It has topped earnings estimates in three of the trailing four quarters and missed once, with an average surprise of 26.7%. 
The Zacks Consensus Estimate for MPTI&#39;s 2024 sales and EPS indicates a rise of 8.8% and 58.6%, respectively, from prior-year levels. 
Gates Industrial Corporation plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtes#NYSE">GTES</a>) presently carries a Zacks Rank #2. GTES has a trailing four-quarter earnings surprise of 14.9%, on average. 
The Zacks Consensus Estimate for GTES&#39; 2024 sales indicates a 0.2% decline but EPS growth of 2.9% from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2289869/lennar-len-q2-earnings-revenues-beat-estimates-orders-up?cid=CS-BENZ-FT-analyst_blog|earnings_article-2289869">To read this article on Zacks.com click here.</a>

Earnings Beats

Guidance

GTES

MPTI

Lennar Q2 Earnings & Revenues Beat Estimates, Orders Up

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Outperform and maintains $183 price target.

Keefe, Bruyette & Woods Maintains Outperform on Lennar, Maintains $183 Price Target

Lennar Corp Exec Says Given Inflation Rates And Cost Of Living Expenses, The Consumer Is Definitely Feeling A Little Bit More Distress; We Are Starting To Feel A Little Bit More Credit Challenged As Customers Come Through

Lennar Corp Exec Expects Q3 Profit To Be Between $3.50-$3.65 Per Share

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.
Shares of NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) fell sharply in today's pre-market trading after the company announced <a href="https://www.benzinga.com/news/24/06/39367264/nextera-energy-stock-is-falling-monday-whats-going-on">plans to sell equity units.</a>
After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due June 1, 2029. Each unit will be issued for $50.
AMC Networks shares dipped 7.6% to $66.81 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Veris Residential, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRE#NYSE">VRE</a>) shares dipped 7.8% to $14.00 in pre-market trading after reporting a 10.5 million share offering.</li>
<li>UroGen Pharma Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) shares fell 4% to $17.55 in pre-market trading as the company reported pricing of public offering of ordinary shares and pre-funded warrants.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) declined 3.5% to $9.05 in pre-market trading after falling over 5% on Monday.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) fell 3.1% to $151.79 in pre-market trading after reporting quarterly results.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) fell 3.1% to $89.66 in pre-market trading.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) shares slipped 3% to $9.09 in pre-market trading.</li>
<li>Takeda Pharmaceutical Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) shares fell 2.8% to $12.80 in pre-market trading.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39371471/patterson-companies-kb-home-and-other-stocks-to-watch-this-tuesday">Patterson Companies, KB Home And Other Stocks To Watch This Tuesday</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

BTDR

NTES

RXRX

URGN

NextEra Energy, Lennar And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day that ended, Tuesday, June 25.

SPDR ETF Report For Tuesday, June 25

Debate Debacle

3 Buyable Berkshire Dividend Dogs From June And 6 To Watch

In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day that ended, Monday, July 1.

SPDR ETF Report For Monday, July 1

Citi downgrades home builders LEN and DHI on softening housing activity

Wall Street Lunch: Tesla Delivers For Investors

Biggest stock movers today: TSLA, PARA, RCM, STAA, and more

In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day that ended, Tuesday, July 2.

SPDR ETF Report For Tuesday, July 2

Shares of the global investment firm KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) are in the spotlight for its recent deals. According to a Reuters report, KKR is acquiring Vars...

KKR Stock News: Here's What Investors Need to Know

5 Relatively Secure And Cheap Dividend Stocks To Invest In - July 2024

AAPL

AFCG

AGCO

ALLY

ARCC

AVGO

BBRE

CMBS

COLD

COPX

FREL

GLPI

INCY

INST

KBWY

LOAN

MPLX

MSFT

NTST

NVDA

NXPI

NYMT

PARA

PARAA

PPTY

PYPL

REIT

RIVN

SCHD

SCHH

SEVN

SIRI

SMCI

SRVR

STAA

USRT

VICI

VLKAF

VOYA

VRAI

XLRE

Dividends

Press Releases

Lennar Corporation Declares Quarterly Dividends

Invitation Homes Announces Joint Venture With Quarterra – a Lennar Company, Centerbridge, and Other Capital Partners

Franklin BSP Realty Trust, Inc. Announces Closing of $125 Million Loan on a 414-Unit Multifamily Property

Ferguson Enterprises Inc. Appoints Two New Directors and Announces Annual Meeting Date and Shareholder Proposal Deadlines

Ferguson Reports Third Quarter Results

Quarterra Multifamily Announces the Start of Construction at Renata Apartments

LENNAR CORPORATION'S SECOND QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET

Quarterra Multifamily Announces the Start of Leasing at Dryden Apartments

Lennar Reports Second Quarter 2024 Results

FBRT

FERG

INVH

TopBuild

Beazer Homes USA

Century Communities

Cavco Indus

Dream Finders Homes, Inc. Class A Common Stock

Dream Finders Homes

D.R. Horton

Green Brick Partners

Hovnanian Enterprises, Inc. Class A Common Stock

Hovnanian Enterprises

Installed Building Products, Inc. Common Stock

Installed Building Prods

KB Home

Legacy Housing Corporation - Common Stock

Legacy Housing

Lennar Corporation Class B

LGI Homes

Lead Real Estate Co., Ltd - American Depositary Shares

Lead Real Estate Co

Landsea Homes

M/I Homes

Meritage Homes

PulteGroup

Smith Douglas Homes Corp. Class A Common Stock

Smith Douglas Homes

Skyline Champion Corporation Common Stock

Skyline Champion

Taylor Morrison Home Corporation Common Stock

Taylor Morrison Home

Toll Brothers

Tri Pointe Homes

United Homes Group, Inc - Class A Common Stock

United Homes Gr

Raymond James

Citigroup

Argus Research

BTIG

JMP Securities

KB 홈(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>)의 주가는 회사가 화요일 2분기 재무 실적을 발표한 이후 상승했다. <a href="https://www.benzinga.com/pressreleases/24/06/b39389055/kb-home-reports-2024-second-quarter-results" target="_blank" rel="noopener" data-google-interstitial="false">자세한 내용</a>은 다음과 같다.
주요 내용 (The Details): KB 홈은 분기별 주당 순이익을 2.15달러로 보고했는데, 이는 분석가 컨센서스인 1.78달러를 20.79%나 앞선 것이다. 분기별 매출은 17억 1,000만 달러로, 분석가 컨센서스인 16억 5,100만 달러를 3.57% 앞섰다.
KB 홈에 따르면 인도된 주택은 전년의 3,666채에서 3,523채로 줄었으며, 평균 판매 가격은 전년도의 47만 9,500달러에서 48만 3,000달러로 올랐다. 이 회사의 기말 잔고 주택 6,270채와 기말 잔고 가치 31억 2천만 달러는 각각 14%와 10% 감소했다.
KB 홈의 회장 겸 CEO인 제프리 메즈거(Jeffrey Mezger)는 &#8220;우리는 2024년 2분기에 주요 지표가 목표 범위의 상한선을 넘어 탄탄한 결과를 얻었다&#8221;라고 말했다.
"모기지 이자율의 변동성에도 불구하고 구매자들은 주택 소유에 대한 열망에 탄력성을 유지했다. 커뮤니티당 월별 순 주문 속도는 수년 만에 가장 높은 2분기 수준 중 하나였으며, 이는 각 구매자의 라이프스타일과 예산을 충족하기 위해 주문 제작 모델이 제공하는 강력한 맞춤형 선택을 반영했다고 믿고 있다."
전망 (Outlook): KB 홈은 회계연도 매출을 67억~69억 달러로 예상하고 있으며, 이는 추정치 67억 4천만 달러와 비교되며, 평균 판매 가격은 485,000~495,000달러 범위에 해당한다.
관련 뉴스: <a href="https://www.benzinga.com/news/24/06/39387100/whats-going-on-with-chipmaker-arm-holdings-stock">칩 제조사 Arm 홀딩스 주식의 최신 동향</a>
주택 건설업체들의 주가는 <a href="https://www.benzinga.com/news/earnings/24/06/39367210/homebuilder-lennar-reports-better-than-expected-q2-results-the-details">2분기 실적</a>을 보고하고 지침을 발표한 후 하락한 레나(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>)에 동조하여 화요일 정규 거래에서 하락했다. KB 홈 주가는 화요일 정규 거래에서 2.20% 하락한 68.04로 마감했다.
KBH의 주가 움직임: 화요일 시간외 거래에서 KB 홈의 주식은 2.16% 상승한 69.51달러에 거래되었다.
사진: 셔터스톡

레나(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>)는 월요일 시장 마감 후 2분기 재무 결과를 발표했다. 보고서의 주요 <a href="https://www.benzinga.com/pressreleases/24/06/n39366543/lennar-reports-second-quarter-2024-results">수치</a>는 다음과 같다.
주요 정보 (The Details): 레나는 분기별 이익을 주당 3.38달러로 보고했는데, 이는 애널리스트 컨센서스인 3.24달러를 4.32% 앞선 것이다.
분기별 매출은 87억 7,000만 달러로 분석가 컨센서스 추정치 85억 2,000만 달러를 2.89% 상회했으며 지난해 같은 기간보다 매출이 8.95% 증가했다.
레나는 신규 주문이 19% 증가한 21,293채, 배송이 15% 증가한 19,690채를 기록했다고 밝혔다. 인센티브를 제외한 주택당 평균 판매 가격은 2분기에 426,000달러로 작년보다 5% 하락했다. 이 회사는 주택 판매에서 15.1%의 순마진을 달성했으며 달러 가치가 82억 달러인 17,873채의 주택 잔고를 보고했다.
"우리는 분기 대부분 동안 금리가 상승했다가 분기가 마감되면서 가라앉는 변화하는 시장 상황을 배경으로 또 다른 강력한 분기를 보고하게 된 것을 기쁘게 생각한다. 비록 금리 변동에 따른 부담과 동시에 소비자 심리가 도전을 받았지만, 구매자들은 여전히 증가된 판매 인센티브에 반응하여 신규 주문이 전년 대비 19% 증가하고 납품이 15% 증가했다&#8221;고 레나의 공동 CEO인 스튜어트 밀러(Stuart Miller)이 말했다.
&#8220;거시 경제 환경은 비교적 일관되게 유지되었으며, 고용은 강세를 유지하고 지난 10년간의 생산 부족으로 인해 주택 공급은 만성적으로 부족한 상태였으며, 강한 가구 형성으로 인한 수요 강세가 지속되었다. 우리는 변동하는 금리 환경 속에서도 일정한 판매량을 유지하기 위해 가격 책정, 인센티브, 마케팅 지출 및 마진 조정을 활용하면서 일관된 생산 속도에 중점을 두었다.&#8221;
전망 (Outlook): 레나는 3분기 신규 주문량이 20,500~21,000건이고 평균 판매 가격이 420,000~425,000달러에 이를 것으로 보고 있다.
LEN 주가 움직임: <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw"> Benzinga Pro</a>에 따르면, 레나의 주식은 시간외 거래에서 2.56% 하락한 152.50달러를 기록했다.
관련 뉴스: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39363817/whats-going-on-with-palantirs-stock">팔란티어 주식에 대해 알아볼까요?</a>
이미지: 셔터스톡

월요일 아침(현지 시간) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데, 오늘 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다:
<ul>
<li>월스트리트는 레나 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>)이 시장 마감 후 분기별 이익은 주당 3.24달러, 매출은 85억 2천만 달러로 보고할 것으로 예상한다. <a href="https://pro.benzinga.com/dashboard">벤징가 프로</a>의 데이터에 따르면 레나의 주가는 금요일에 0.04% 상승한 155.10달러에 마감했다.</li>
<li>노스필드 뱅코프(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFBK#NASDAQ">NFBK</a>)는 새로운 1,000만 달러 규모의 주식 환매 프로그램을 승인했다. 노스필드 뱅코프의 주가는 금요일에 2.5% 하락한 7.79달러로 마감했다.</li>
<li>분석가들은 레이지보이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>)가 5억 1,644만 달러의 매출에 주당 70센트의 분기 이익을 게시할 것으로 예상한다. 이 회사는 시장이 마감된 후 실적을 발표할 예정이다. 레이지보이의 주가는 개장 전 거래에서 1.2% 상승한 34.13달러를 기록했다.</li>
</ul>
여기에서 <a href="https://www.benzinga.com/premarket/">프리마켓 시황을 확인하세요</a>
<ul>
<li>레드로빈 고메 버거(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>)는 최대 7,500만 달러의 믹스드 쉘프 오퍼링(mixed-shelf offering)을 신청했다. 레드로빈의 주가는 금요일 2.51% 하락한 7.76달러로 마감했다.</li>
<li>분석가들은 퀀텀 코퍼레이션(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>)이 시장 마감 후 매출 8,980만 달러에 주당 1센트의 분기 이익을 게시할 것으로 예상한다. 퀀텀의 주식은 개장 전 거래에서 4.4% 상승한 0.6150달러를 기록했다.</li>
</ul>
한번 읽어보세요: <a href="https://www.benzinga.com/news/24/06/39331770/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-with-over-3-dividend-yields">월스트리트의 가장 정확한 분석가들은 배당수익률이 3%가 넘는 3가지 기술주를 평가합니다.</a>

Lennar

뉴스

에 대한 최신 뉴스 Lennar (NYSE:LEN) 주식

화요일, 6월 18, 2024

월요일, 6월 17, 2024

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌