Monsanto Co. (NYSE: MON) is set to release its fiscal third-quarter financial results before the markets open Wednesday. Thomson Reuters has consensus estimates of $2.06 in earnings per share (EPS) on revenue of $4.60 billion. In the same period of the previous year, it posted EPS of $1.62 and $4.25 billion in revenue.
Recently there were protests against the genetically modified organisms (GMOs), specifically those produced by Monsanto. The protests covered over 420 cities, 48 countries and six continents, by the company’s own reckoning.
Monsanto and its supporters argue that its products are critical to feed great numbers of people and when normal seeds or normal methods cannot be used to keep weeds away from crops, which might be right. The “March Against Monsanto” protestors do not care much about weeds, and maybe they shouldn’t, based on evidence that GMOs create massive harm to people. For the time being, protests have focused on one of Monsanto’s products: Roundup, which kills weeds.
Shares of Monsanto were down 1.1% to $113.04 Tuesday afternoon. The stock has a consensus analyst price target of $136.00 and a 52-week trading range of $105.76 to $128.79.
ALSO READ: 10 Stocks to Own for the Next Decade
Lennar Corp. (NYSE: LEN) is scheduled to report its fiscal second-quarter earnings Wednesday before the markets open. The consensus estimates expect $0.64 in EPS on $2.58 billion in revenue. Last year during the second quarter, the company had $0.61 in EPS on $1.82 billion in revenue.
Despite severe weather conditions that constrained production and sales in parts of the country, the housing market continued its slow and steady recovery in the first quarter. Earlier signals from this year’s spring selling season indicate that the housing market is improving, and disappointing single-family starts and permits numbers should rebound shortly. This could very well happen within this coming quarter.
As an offshoot of the constraint in the mortgage market, rental rates have continued to rise across the country, ultimately benefiting Lennar’s extensive pipeline of rental properties. Rental demand has continued to outpace “for sale” demand, and the company expects its maturing rental business to contribute to earnings later this year.
Lennar shares were down 1.4% to $48.79, in a 52-week range of $35.74 to $53.67. The consensus price target is $51.24.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.