FY2027 Earnings Forecast for Lennar Issued By Zacks Research

Lennar Co. (NYSE:LEN) – Zacks Research increased their FY2027 earnings per share estimates for shares of Lennar in a report issued on Wednesday, March 19th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings of $16.14 per share for the year, up from their previous forecast of $16.12. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share.

Several other brokerages have also commented on LEN. JPMorgan Chase & Co. decreased their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Citigroup dropped their price objective on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays decreased their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Royal Bank of Canada lowered their target price on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Fourteen analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $164.53.

Lennar Price Performance

Lennar stock opened at $119.90 on Friday. The business has a fifty day moving average of $126.38 and a two-hundred day moving average of $153.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market cap of $31.84 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar has a one year low of $115.61 and a one year high of $187.61.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the previous year, the company earned $2.57 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

Institutional Trading of Lennar

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Lennar by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 204,431 shares of the construction company’s stock worth $27,878,000 after purchasing an additional 1,515 shares during the period. Centaurus Financial Inc. raised its position in Lennar by 7.2% during the fourth quarter. Centaurus Financial Inc. now owns 3,149 shares of the construction company’s stock valued at $429,000 after buying an additional 212 shares during the period. Cim LLC lifted its stake in Lennar by 0.7% in the 4th quarter. Cim LLC now owns 29,702 shares of the construction company’s stock worth $4,050,000 after acquiring an additional 212 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Lennar during the 4th quarter valued at about $47,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Lennar in the fourth quarter worth approximately $17,586,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.