Lennar Corporation (LEN-B)
After hours:
| Previous Close | 143.00 |
| Open | 141.50 |
| Bid | 55.17 x 800 |
| Ask | 141.89 x 800 |
| Day's Range | 136.62 - 141.50 |
| 52 Week Range | 94.51 - 159.02 |
| Volume | |
| Avg. Volume | 38,500 |
| Market Cap | 41.429B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 9.37 |
| EPS (TTM) | 14.67 |
| Earnings Date | Jun 17, 2024 |
| Forward Dividend & Yield | 2.00 (1.40%) |
| Ex-Dividend Date | Apr 23, 2024 |
| 1y Target Est | N/A |
- Yahoo Finance Video
What Lennar's Q2 earnings signals for the housing market
Shares of Lennar (LEN) are trading lower in Tuesday's after-hours trading, despite the homebuilder delivering a beat in its second-quarter earnings. The company reported revenue of $8.77 billion, surpassing analyst estimates of $8.57 billion, while also exceeding expectations on the adjusted earnings per share front, with a figure of $3.38 per share surpassing the anticipated $3.24. However, Lennar sounded a cautionary note, highlighting continued pressure stemming from the prevailing mortgage rate environment. Yahoo Finance's Dani Romero breaks down the details of Lennar's earnings report, providing insights into what it means about the state of the consumer and the broader housing market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Housing market troubles: Rent prices, mortgage rates on the rise
Both rent prices and mortgage rates continue to rise, impacting homeowners, landlords, renters, and more. Lennar's (LEN) second-quarter earnings report showed better-than-expected revenue but reported having to cut home prices. Yahoo Finance Reporter Dani Romero joins Wealth! to break down the current landscape of the housing market and why the strain for both renters and potential homebuyers continues to grow. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
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