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Post-Earnings Analysis - Lennar


News provided by

Investor-Edge

Apr 16, 2015, 09:20 ET

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LONDON, April 16, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free post-earnings analysis on Lennar Corp. (NYSE: LEN). On March 19, 2015, the company reported its financial results for Q1 FY15 (period ended February 28, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Lennar&d=16-Apr-2015&s=LEN to read our free earnings review on Lennar Corporation (Lennar). During Q1 FY15, the company's total revenue surged 21% Y-o-Y. Further, Lennar's deliveries of homes and new orders of homes grew 19% Y-o-Y and 18% Y-o-Y, respectively, in Q1 FY15. CEO of Lennar, Stuart Miller, stated that despite severe weather conditions which constrained production and sales in parts of the country, the housing market continued its slow and steady recovery. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Lennar&d=16-Apr-2015&s=LEN

Earnings Overview 

During Q1 FY15, Lennar's total revenues increased to $1.64 billion from $1.36 billion in Q1 FY14. The company's total revenues for Q1 FY15 outperformed Bloomberg analysts' forecast of $1.50 billion.  The company's homebuilding segment contributed $1.44 billion to total revenues in Q1 FY15 compared to $1.23 billion in Q1 FY14. Lennar's Financial Services segment's revenues for Q1 FY15 came in at $124.83 million compared to $76.95 million in Q1 FY14. The company's Rialto segment recorded revenues of $41.20 million in Q1 FY15 compared to $46.96 million in Q1 FY14. Moreover, Lennar's Multifamily segment's revenues were $36.46 million in Q1 FY15 compared to $7.80 million in Q1 FY14. Free research on LEN can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Lennar&d=16-Apr-2015&s=LEN

In Q1 FY15, Lennar's deliveries of home increased to 4,302 from 3,609 in Q1 FY14. The new home orders in Q1 FY15 increased to 5,287 from 4,465 in Q1 FY14. In dollar value, new home orders grew 25% Y-o-Y to $1.83 billion. Moreover, the company's backlog of home in Q1 FY15 increased 20% Y-o-Y to 6,817, or 24% Y-o-Y in dollar value to $2.40 billion.

Mr. Miller said that early signals from this year's spring selling season indicate that the housing market is improving, and disappointing single family starts and permits numbers should rebound shortly. The sizable production deficit of the past years continues to drive demand improvement in spite of the constrained mortgage market, he added.

For Q1 FY15, Lennar's Homebuilding segment's operating earnings stood at $207.64 million compared to $162.22 million in Q1 FY14. Financial Services segment's operating earnings for Q1 FY15 increased to $15.53 million from $4.47 million in Q1 FY14. The company's Rialto segment's operating earnings came in at $2.81 million in Q1 FY15, compared to $3.50 million in Q1 FY14. However, Lennar's Multifamily segment reported an operating loss of $5.68 million in Q1 FY15 compared to operating loss of $6.20 million in Q1 FY14. Sign up and read the free analyst's notes on LEN at:

http://get.Investor-Edge.com/pdf/?c=Lennar&d=16-Apr-2015&s=LEN

Lennar's gross margins on home sales for Q1 FY15 were $324.8 million, or 23.1%, compared to $286.1 million, or 25.1%, in Q1 FY14. Further, net earnings attributable to Lennar for Q1 FY15 stood at $114.96 million, or $0.50 per diluted share, compared to $78.12 million, or $0.35 per diluted share, in Q1 FY14. For Q1 FY15, analysts from Bloomberg had expected net earnings attributable to Lennar of $103.86 million, or $0.45 per diluted share.  

Mr. Miller concluded that while the company's homebuilding business continues to be the primary driver of its quarterly earnings, Lennar is in an excellent position across all of its platforms and anticipate that its ancillary businesses will further define themselves this year. Visit Investor-Edge and access the latest research on LEN at:

http://get.Investor-Edge.com/pdf/?c=Lennar&d=16-Apr-2015&s=LEN

Stock Performance 

On the day of the earnings release, March 19, 2015, Lennar's stock edged 0.14% lower to end the session at $49.65. Since then, the stock has moved both ways with gains outperforming the losses. On the last close, Wednesday, April 15, 2015, the stock finished 0.92% higher at $51.44, after vacillating between $50.95 and $51.77 during the session. A total of 2.34 million shares were traded which was below their three months average volume of 3.64 million shares. Over the last one month and over the previous three months, the company's shares have gained 4.55% and 21.09%, respectively. Further, the stock has surged 32.61% in the past one year. Shares in Lennar closed above their 50-day and 200-day moving averages of $49.71 and $43.72, respectively. Additionally, the stock traded at a PE ratio of 16.94 and has a Relative Strength Index (RSI) of 53.84.

Sneak Peek to Corporate Insider Trading 

In the last one month, Lennar has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on LEN is available at:

http://get.Investor-Edge.com/pdf/?c=Lennar&d=16-Apr-2015&s=LEN

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

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