43.91 -0.04 (-0.09%)
After hours: 4:03PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||42.92 - 44.22|
|52-week range||40.49 - 58.65|
|PE ratio (TTM)||11.80|
|Forward dividend & yield||0.16 (0.35%)|
|1y target est||N/A|
D.R. Horton's (DHI) Q2 earnings and revenues surpass the Zacks Consensus Estimate, courtesy of a solid housing market scenario.
D.R. Horton's (DHI) Q2 results are likely to benefit from higher homebuilding revenues. Then again, rising land and labor costs are causes for concern.
The housing market is far from vibrant as key data continue to slip as home prices rise and tax-related challenges lie ahead. This is shown best by the fact that the five major homebuilder stocks are deep into correction territory with three in bear market territory.
New-Jersey-based retail store chain Bed Bath & Beyond (BBBY) released its fourth quarter and full-year 2017 earnings results on April 11, 2018, after the market closed. Revenue rose 5.1% YoY to $3.7 billion compared to $3.5 billion in 4Q16. Earnings per share fell hard by 19.6% to $1.4 in 4Q17 from $1.8 in 4Q16. Revenue exceeded estimates by 0.92% and EPS exceeded estimates by 6.4%. The stock lost 17.7% last week.
Costco Wholesale (COST) reported March sales results on April 12. The company’s net sales of $12.9 billion for March were 10.9% higher than the $11.7 billion last year. On April 13, Raymond James raised the target price for Costco Wholesale (COST) to $205 from $202. Of the analysts surveyed, 72% of analysts rated the stock a “buy,” while 38% rated it a “hold,” and 0% rated it a “sell.” The stock rose 2.7% last week. The stock was up 2.7% last week.
Healthy economy, strong job market and higher demand will help the U.S. housing/homebuilding industry offset inventory shortage woes.
Homebuilder confidence slid for the fourth consecutive month with steadily rising mortgage rates and sky-high home prices putting ownership out of reach for more and more Americans. The National Association ...
The acquisition of CalAtlantic is going to position Lennar (LEN) as one of the country's top homebuilders. However, gross margin compression due to rising land and labor costs pose risks.
Lennar Corp. named Rick Beckwitt as its new chief executive officer, succeeding Stuart Miller, who was appointed executive chairman, as part of several management changes announced by the home builder. ...
Bringing CalAtlantic into the fold led to large upticks in deliveries, orders, and backlog for the homebuilder. Management also thinks the market will only get stronger from here.
Florida-based Lennar (LEN) released its fiscal 1Q18 results on April 4, 2018. Its revenue grew 27.6% YoY (year-over-year) to $2.9 billion from $2.3 billion, and its EPS (earnings per share) rose 42.4% YoY to $0.84 from $0.59. Revenue and EPS surpassed estimates by 12.1% and 9.1%, respectively. The stock rose 5.6% last week after the earnings release.
US-China trade war tensions continued to affect the consumer sector last week. The S&P 500 (SPY) fell 1.4%, with all of its sectors being affected by the technology sector slide as well. However, the retail sector gained last week.
Lennar International President Chris Marlin discusses the housing industry and talks about Chinese President Xi Jinping's speech at the Boao Forum for Asia, in Hainan. Marlin speaks with Stephen Engle ...
The stock market was volatile, with trade war fears and hopes sinking and lifting the major averages. Tesla rebounded on Model 3 optimism, Trump continued to target Amazon. Spotify listed directly. Homebuilders rebounded.
Rising interest rates haven’t curbed U.S. housing demand, contrary to recent investor fears. Lennar made that clear Wednesday, reporting impressive financial results for the quarter ended Feb. 28. Miami-based Lennar, one of the nation’s largest homebuilders, cited strong deliveries and new orders, and a growing backlog, all of which could help to push the shares higher.
LGI Homes announced the closing of 599 homes in March, up 64.1% vs. a year earlier. The IBD 50 stock cleared a buy point after soaring Wednesday on strong earnings from Lennar.
Homebuilder Lennar reported much better than expected fiscal first-quarter earnings earning Wednesday and remains bullish on the housing market.
Lennar (LEN) topped the S&P 500 on Wednesday, helped by an upbeat earnings report. Lennar rose $5.73, or 10%, to $62.82. The S&P 500 gained 30.24 points, or 1.16%, to 2644.69. Lennar said home deliveries rose 24% and new orders climbed 30% in the quarter.
Stocks that moved substantially or traded heavily Wednesday: Boeing Co., down $3.38 to $327.44 Industrial companies took some of the worst losses after China proposed tariffs on aircraft and other items. ...