Lennar Corporation (NYSE:LEN) Given Price Target Of $53.333


As per Lennar Corporation (NYSE:LEN)’s news release on 2016-06-23, its shareholders will get cash dividend of $0.04 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-08 and 2016-07-22, respectively.

The stock will commence trading ex-dividend from 2016-07-06, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Lennar Corporation (NYSE:LEN) disbursed $0.04 in dividend compared to distribution of $0.04, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Lennar Corporation (NYSE:LEN) to attain a price target of $53.333. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $60. The low price range is set at $49 for next year while the arithmetic mean is seen at 2.11.

Eyeing Earnings Lennar Corporation (NYSE:LEN) is likely to post quarterly numbers around 2016-09-19 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $0.88 for the period ending on 2016-08-31.

In last quarter ended 2015-11-30, Lennar Corporation (NYSE:LEN) earnings came at $0.95 suggesting a deviation of $0.08. The brokerages targeted EPS of $0.87 for the quarter.

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