Lennar Corporation (NYSE:LEN) stock enjoyed an overall downtrend of -32.05% from the beginning of 2018. The closing share price quoted for November 07, 2018 was $42.97. The -2.3% drop might have been tempting for an investor to sell at this point.
A fresh roundup today notes that LEN stock has lost around -22.6% of its value in the past 12 months, suggesting more investors have expressed concern about about in that time period. If we turn to the Street in general, the positives still outweigh the negatives as we can see that Lennar Corporation (LEN), have a buy (1.8) analyst consensus rating. In the current time, the stock has 14 buy and 3 hold ratings. The stock registered its 52-week high of $72.17 on January 22 and its 52-week low of $38.79 on October 24. Currently, the shares are trading $-11.43 below its YTD moving average of $54.4.
Moving on, Lennar Corporation (LEN) last reported its August 2018 earnings. For brief highlights, it performed well in that quarter, with earnings up 23% year-over-year at $1.3. The company surprised analysts by 9 who were expecting $1.19 per share. Overall, its quarterly revenues jumped by 74% to reach $5.67 billion, while it had reported $3.26 billion in the same period a year ago. To see what investors should really expect from its November 2018 financial results consensus analyst estimates are calling for current quarter earnings per share of $1.96, up from $1.29 in the same quarter a year ago. However, earnings-per-share are expected to see growth of 34.62% in next year. From there, the company believes it can achieve a long-term annual earnings growth rate of 21.8 %. At the other end of the income statement, we have seen revenue of $17.9 billion over the trailing 12 months.
To help you decide whether it’s worth the wait (and the money), Lennar Corporation (NYSE:LEN) is currently trading at 10.2X the company’s trailing-12-month earnings per share, which represents a discount compared to the sector’s 17.65X and comes in below its industry’s 10.37X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $4.21. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.
The 14-day Absolute ATR (Average True Range) on Wednesday, November 07 of 2018 shows that the price on average moves $1.75. The average daily volatility is 3.85% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent Lennar Corporation (LEN) volume, you will see that it has changed to 4.32 million shares versus the average daily volume of 4.43 million shares.
When you look at the daily chart for LEN, you will observe the stock held -20.7% losses in the 6-month period and maintains 10.78% distance from its most recent low. The past 5-day performance for the share stays negative at -0.02% but up 1.43% from its three-week moving average. Comparing to 50-day SMA, Lennar Corporation shares price is now down -8.04%. It also closed -19.49% lower from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Wednesday with a 1-month performance at -3.02%.