November 09, 2017 - CalAtlantic Group, Inc. (NYSE:CAA) has filed a financial statement reporting Total Weighted Average Diluted Common Shares Outstanding of $124,449,912 USD. Previously, on July 28, 2017, CalAtlantic Group, Inc. reported Total Weighted Average Diluted Common Shares Outstanding of $131,636,412 USD. This represents a change of -5.46% in Total Weighted Average Diluted Common Shares Outstanding.
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Lennar Corp.'s LEN, +0.11% credit rating was upgraded Monday out of "junk" territory, following the completion of the deal in which the homebuilder acquired CalAtlantic Group Inc. in a $9.3 billion deal. The outlook was revised to stable. Fitch raised its rating to BBB-, the lowest investment grade rating, from BB+. The deal, which closed in February, and included $3.6 billion in assumed debt, created the largest homebuilder in terms of revenue and lifted the company into a top-3 position in 27 of the 30 largest metropolitan markets. (6-0)
Lennar Corporation’s (LEN - Free Report) shares have been rallying since the second-quarter fiscal 2018 release on Jun 26, 2018. In fact, the nation’s largest homebuilder has outperformed the homebuilding industry so far this year. Although Lennar deteriorated 17% year to date, it fared better than the broader industry’s 19.7% decline. Recently, Lennar posted stellar second-quarter results, surpassing the Zacks Consensus Estimate on both counts. (20-0)
Lennar Corporation’s (LEN - Free Report) shares have gained 7.5% in pre-market trading, after surpassing earnings as well as revenue expectations in the second quarter of fiscal 2018 – the first full quarter with CalAtlantic. The company’s second-quarter adjusted earnings of $1.58 per share surpassed the Zacks Consensus Estimate of 45 cents. The reported figure mainly excludes integration costs related to the acquisition of CalAtlantic Group, Inc. (25-0)
Lennar Corporation (LEN - Free Report) is one of the leading homebuilders in the United States. With overall housing market recovering at a slow but steady pace, Lennar's order trends have been improving at a consistent pace. Lennar is performing well on the back of its diverse revenue mix, large land supply, above average order growth and better pricing power. Investors should also note that 2018 earnings estimate for LEN has remained stable in the past 60 days. (19-0)
Lennar Corporation (LEN - Free Report) is scheduled to announce second-quarter fiscal 2018 results on Jun 26, before the opening bell. Lennar has been showcasing solid top-line performances and the trend is supposed to continue in the soon-to-be-reported quarter as well, courtesy of robust demand for homes, favorable job market and impressive economic conditions. Let’s take a look at how the company's margin is shaping up for this earnings season. (20-0)