Lennar (NYSE:LEN) Updates Q4 2026 Earnings Guidance

Lennar (NYSE:LEN) updated its fourth quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.300-1.650 for the period, compared to the consensus estimate of 1.990. The company issued revenue guidance of -.

Lennar Price Performance

Shares of NYSE:LEN traded up $1.36 during mid-day trading on Thursday, reaching $79.72. The stock had a trading volume of 8,570,948 shares, compared to its average volume of 2,902,874. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Lennar has a 1 year low of $76.07 and a 1 year high of $134.07. The business’s 50 day moving average price is $84.40 and its 200 day moving average price is $88.79. The company has a market cap of $19.21 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 2.68 and a beta of 1.39.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). Lennar had a return on equity of 7.08% and a net margin of 4.93%.The firm had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $8.32 billion. During the same period last year, the company earned $2.29 earnings per share. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. Research analysts expect that Lennar will post 5.46 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, July 10th. Lennar’s payout ratio is presently 31.30%.

Analyst Ratings Changes

LEN has been the subject of a number of recent research reports. Zacks Research downgraded shares of Lennar from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Benchmark upgraded Lennar to a “hold” rating in a research note on Thursday, September 3rd. UBS Group lowered their price target on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Argus set a $108.00 price target on shares of Lennar in a report on Thursday, July 9th. Finally, Wells Fargo & Company decreased their price objective on Lennar from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and ten have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $91.00.

Trending Headlines about Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar repurchased 3 million shares for $256 million, redeemed $400 million of senior notes and maintained substantial liquidity, potentially supporting shareholder returns and balance-sheet confidence. Lennar Reports Third Quarter 2026 Results
• Positive Sentiment: The company continues expanding its community pipeline, including new developments in Alabama and California and a 444-lot acquisition near Taiwan Semiconductor’s planned Arizona project. Lennar Opens Two New Communities
• Neutral Sentiment: Citizens JMP reaffirmed a “Market Perform” rating, indicating analysts see limited near-term upside while investors assess the housing recovery and interest-rate outlook. Analyst Commentary on Lennar
• Negative Sentiment: Lennar’s third-quarter results missed expectations: adjusted EPS was $1.23 versus a $1.29 consensus, while revenue was $8.05 billion against an $8.32 billion estimate. Net earnings fell 52% year over year to $284 million, and revenue declined 8.7%. Lennar Profit Halves as Mortgage Rates Pressure Buyers
• Negative Sentiment: New orders decreased 9%, deliveries fell 3%, and home-sales gross margin compressed to 15.8% from 17.5%. Lennar also cut its full-year delivery forecast to 80,000–81,000 homes from 82,000–83,000, below analyst expectations. Higher mortgage rates are worsening affordability and forcing pricing pressure and incentives.

Lennar Company Profile

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.