Lennar (NYSE:LEN) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Lennar (NYSE:LEN) released its quarterly earnings results on Wednesday. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06), FiscalAI reports. Lennar had a net margin of 4.09% and a return on equity of 6.13%. The business had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $8.32 billion. During the same period in the previous year, the company earned $2.29 EPS. Lennar’s revenue for the quarter was down 8.7% compared to the same quarter last year.

Lennar Stock Up 1.7%

NYSE:LEN opened at $79.72 on Friday. The stock has a fifty day simple moving average of $84.31 and a 200-day simple moving average of $88.54. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.39. Lennar has a twelve month low of $76.07 and a twelve month high of $134.07.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, July 10th. Lennar’s dividend payout ratio (DPR) is 37.81%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore boosted their price objective on Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a research note on Monday, June 15th. Benchmark raised Lennar to a “hold” rating in a research report on Thursday, September 3rd. The Goldman Sachs Group restated a “neutral” rating on shares of Lennar in a report on Friday, June 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a research note on Tuesday, September 8th. Finally, Truist Financial cut their price objective on shares of Lennar from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat, Lennar currently has an average rating of “Reduce” and a consensus target price of $91.00.

Lennar News Roundup

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 a relatively conservative homebuilding debt-to-capital ratio of 16.6%. These actions may provide some support for per-share value and the balance sheet. Lennar Reports Third Quarter 2026 Results
• Positive Sentiment: The company continues expanding its community footprint, including new developments in Alabama and California and a purchase of 444 lots near the major TSMC project in Phoenix, potentially positioning Lennar for longer-term demand. Lennar Opens Two New Communities
• Neutral Sentiment: Citizens JMP reaffirmed a “market perform” rating, indicating analysts see limited near-term catalysts while awaiting improvement in housing affordability. Analyst Commentary on Lennar
• Negative Sentiment: Third-quarter earnings declined sharply: net income fell 52% to $284 million, or $1.19 per diluted share, from $591 million, or $2.29, a year earlier. Revenue dropped 8.7% to $8.05 billion, missing the $8.32 billion consensus estimate, while EPS also came in below expectations. Lennar Profit Falls as Mortgage Rates Pressure Buyers
• Negative Sentiment: New orders fell 9%, deliveries declined 3%, and home-sales gross margin narrowed to 15.8% from 17.5%. Lennar cut its full-year delivery forecast again to 80,000–81,000 homes, below its prior 82,000–83,000 target and analyst expectations.
• Negative Sentiment: Fourth-quarter EPS guidance of $1.30–$1.65 was well below the approximately $1.99 consensus estimate. Management also warned that buyers are increasingly stretching their finances, reinforcing concerns that higher rates and weaker affordability will continue weighing on demand, pricing and margins. Lennar Guides Below Consensus Earnings

About Lennar

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.