|Bid||67.80 x 1400|
|Ask||79.95 x 100|
|Day's range||68.62 - 69.87|
|52-week range||42.73 - 70.40|
|PE ratio (TTM)||20.35|
|Earnings date||19 Mar 2018 - 23 Mar 2018|
|Forward dividend & yield||0.16 (0.23%)|
|1y target est||72.83|
Stocks hit record highs amid generally strong earnings from Delta, JPMorgan and Lennar, even as Intel and Facebook woes hit those giants. Bitcoin retreated.
KB Home (KBH) reports stellar fourth-quarter fiscal 2017 results, with both the top and bottom line surpassing the consensus estimates, buoyed by solid housing fundamentals.
KB Home topped quarterly forecasts late Wednesday after Lennar reported a surprise earnings drop due to a change in the timing of a transaction to take advantage of Republican tax legislation.
Major stock indexes were spooked in the early going Wednesday on news China thinks U.S. debt is less attractive, but indexes recovered off session lows.
Primoris (PRIM) wins a $25 million contract from the Texas Department of Transportation for construction of an elevated intersection over two diverging railroad tracks in the greater Houston area.
Homebuilder Lennar slipped on mixed Q4 results, United shares jumped in early trade Wednesday, as a possible bond strategy shift in China rattled global markets.
Lennar Corp. shares slid 4.8% in premarket trade Wednesday, after the company reported weaker-than-expected profit for its fiscal fourth quarter. The homebuilder said it had net income of $309.6 million, ...
Lennar Corp. (LEN) on Wednesday reported fiscal fourth-quarter net income of $309.6 million. The Miami-based company said it had profit of $1.29 per share. The results did not meet Wall Street expectations. ...
A fairly quiet schedule awaits investors on Wednesday with import prices and earnings from homebuilders the biggest highlights.
The earnings season will get going with results from homebuilders Lennar and KB Home as stocks in the sector stay hot following passage of steep tax cuts.
Although higher construction costs are likely to impact Lennar's (LEN) gross margin in Q4, higher demand for homes and its effort to improve its operating leverage are likely to offset the negatives.
Economics and earnings highlights are backloaded in the week ahead, while a rip-roaring start to 2018 will have many investors asking how much higher can this market go.
Higher input costs and less sales conversion due to weather-related issues are likely to dampen Lennar's (LEN) Q4 gross margin.
Homebuilders Lennar (LEN) and KB Home (KBH) will report earnings soon, and Wedbush analyst Jay McCanless has a preview of the reports out Wednesday, although he doesn't think either stock is a buy. For Lennar, he expects that order growth exceeded expectations, because he believes that the headwinds associated with the hurricanes in Texas and Florida subsided more rapidly in the quarter than some expect. For KB Home, McCanless is expecting a beat, but is concerned about order growth.
It was another positive month for housing starts due to reconstruction efforts in hurricane-battered areas. In November, housing starts rose 3.3%.
David Nelson walks through the highlights of the new GOP tax bill, admittedly through the lens of an investment strategist and portfolio manager.
Shares of home builders have run ahead of a strong stock market, but a housing shortage could mean there’s more to come.