Quarterly Financial Results, Product Launches, New Communities and Homes for Veterans - Research Report on Lennar, KB Home, Parker Hannifin, Ryland and Meritage Homes Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, September 27, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Lennar Corp. (NYSE: LEN), KB Home (NYSE: KBH), Parker Hannifin Corporation (NYSE: PH), Ryland Group Inc. (NYSE: RYL) and Meritage Homes Corporation (NYSE: MTH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lennar Corp. Research Report
On September 24, 2013, Lennar Corp. (Lennar) reported its Q3 FY 2013 financial results (period ended August 31, 2013.) The Company reported revenue growth of 45.7% YoY to $1.6 billion. The Company's homebuilding operating earnings for the quarter came in at $202.8 million compared to $71.3 million in Q3 FY 2012. The Company reported net earnings attributable to Lennar of $120.7 million or $0.54 per diluted share, compared to $87.1 million or $0.40 per diluted share in Q3 FY 2012. Commenting on the future outlook of the Company, Stuart Miller, CEO of Lennar said, "We continue to see long-term fundamental demand in the market driven by the significant shortfall of new single-family and multi-family homes built over the last five years. While there may be bumps along the road that may impact the short-term pace of the recovery, the long-term outlook for our business remains extremely bright." The Full Research Report on Lennar Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c62c_LEN]
KB Home Research Report
On September 24, 2013, KB Home reported its Q3 FY 2013 financial results (period ended August 31, 2013). The Company reported revenue growth of 29.3% YoY to $549.0 million. The Company's homebuilding operating income came in at $36.0 million compared to $10.9 million in Q3 FY 2012. Net income significantly increased to $27.3 million, or $0.30 per diluted share, from $3.3 million or $0.04 per diluted share in Q3 FY 2012. "The momentum we have built in our business continued to fuel our financial performance in the third quarter as we generated strong revenue, net income and earnings per share results," said Jeffrey Mezger, President and CEO. "We are clearly seeing meaningful top-line and bottom-line benefits from our strategy of investing in attractive land positions across the country, primarily targeting locations with limited housing inventory and higher household incomes." The Full Research Report on KB Home - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1780_KBH]
Parker Hannifin Corporation Research Report
On September 27, 2013, Parker Hannifin Corporation (Parker Hannifin) announced a new micro diaphragm pump from the Precision Fluidics Division of the Company, which is specifically designed for the needs of portable medical devices for advanced wound care. According to the Company, the Parker T2-05-IC micro diaphragm pump provides the negative pressure required to draw down the dressing over the wound area and to maintain a constant suction for effective wound healing. Commenting on the new pump, Abelardo Gonzalez, Global Product Manager at Parker Hannifin said, "After listening to the future requirements of our customers there is a need to develop advanced medical treatments for the millions of minor surgeries that are conducted around the world. Parker's micro diaphragm pump operates as the vacuum source for the wound dressing system." The Full Research Report on Parker Hannifin Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ba4f_PH]
Ryland Group Inc. Research Report
On September 18, 2013, Ryland Group Inc. (Ryland Homes) announced the grand release of its single-family homes at the community of The Boulders. The Company said that the new community is located in Fishers in the highly acclaimed Hamilton Southeastern School District and offers easy access to Geist Reservoir, along with plenty of recreational opportunities including multiple golf courses. In addition, the community is conveniently close to an array of shopping, dining and entertainment options. Ryland Homes also informed that these final homesites at The Boulders are from Ryland's Estate Collection. The Full Research Report on Ryland Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7f8c_RYL]
Meritage Homes Corporation Research Report
On September 11, 2013, Meritage Homes Corp. (Meritage Homes) announced that Operational Homefront has selected three military families to receive newly-built, mortgage-free homes. The Company informed that the energy-efficient Meritage homes are located in Goodyear, Arizona, outside of Phoenix; Cary, North Carolina, outside of Raleigh; and Converse, Texas, outside of San Antonio, and each one of the homes will be unveiled to the families in November 2013 during the week leading up to Veterans Day. Further, Meritage Homes said that each of the veterans were selected based on a number of qualifications including, but not limited to, family needs and ties to the community. The Full Research Report on Meritage Homes Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/45c8_MTH]
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