Lennar Co. (NYSE:LEN) Expected to Post Earnings of $3.99 Per Share

Equities analysts expect Lennar Co. (NYSE:LENGet Rating) to announce earnings of $3.99 per share for the current quarter, Zacks reports. Two analysts have made estimates for Lennar’s earnings, with the highest EPS estimate coming in at $4.17 and the lowest estimate coming in at $3.86. Lennar reported earnings per share of $2.95 in the same quarter last year, which would suggest a positive year-over-year growth rate of 35.3%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Lennar will report full-year earnings of $16.43 per share for the current year, with EPS estimates ranging from $15.73 to $17.38. For the next year, analysts anticipate that the firm will post earnings of $17.94 per share, with EPS estimates ranging from $15.13 to $20.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Lennar.

Lennar (NYSE:LENGet Rating) last announced its earnings results on Wednesday, March 16th. The construction company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.10. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.19 billion. Lennar had a return on equity of 19.79% and a net margin of 14.04%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 earnings per share.

LEN has been the topic of a number of recent research reports. Evercore ISI initiated coverage on Lennar in a research report on Friday, March 18th. They set a “buy” rating and a $151.00 price objective on the stock. Barclays dropped their target price on Lennar from $110.00 to $93.00 in a report on Thursday, March 31st. UBS Group increased their target price on Lennar from $145.00 to $154.00 and gave the company a “buy” rating in a report on Friday, March 18th. Credit Suisse Group began coverage on shares of Lennar in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $88.00 price objective for the company. Finally, KeyCorp decreased their price objective on shares of Lennar from $86.00 to $75.00 and set an “underweight” rating for the company in a research note on Tuesday, March 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Lennar presently has a consensus rating of “Buy” and an average target price of $110.27.

Large investors have recently made changes to their positions in the stock. CX Institutional increased its holdings in Lennar by 18.3% in the third quarter. CX Institutional now owns 686 shares of the construction company’s stock valued at $64,000 after buying an additional 106 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Lennar by 69.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 284 shares of the construction company’s stock valued at $33,000 after buying an additional 116 shares in the last quarter. Unison Advisors LLC increased its holdings in Lennar by 0.3% in the fourth quarter. Unison Advisors LLC now owns 35,440 shares of the construction company’s stock valued at $4,117,000 after buying an additional 118 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in Lennar by 5.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,382 shares of the construction company’s stock valued at $277,000 after buying an additional 124 shares in the last quarter. Finally, Central Bank & Trust Co. increased its holdings in Lennar by 6.8% in the fourth quarter. Central Bank & Trust Co. now owns 2,046 shares of the construction company’s stock valued at $238,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

NYSE LEN traded down $0.75 on Monday, reaching $76.02. The stock had a trading volume of 1,731,456 shares, compared to its average volume of 2,977,944. The firm has a market capitalization of $22.46 billion, a price-to-earnings ratio of 5.95, a P/E/G ratio of 0.60 and a beta of 1.53. The company has a quick ratio of 0.78, a current ratio of 9.51 and a debt-to-equity ratio of 0.22. Lennar has a 12-month low of $73.01 and a 12-month high of $117.54. The stock has a fifty day moving average price of $85.82 and a two-hundred day moving average price of $97.84.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 10th. Investors of record on Tuesday, April 26th will be given a $0.375 dividend. The ex-dividend date is Monday, April 25th. This represents a $1.50 dividend on an annualized basis and a yield of 1.97%. Lennar’s payout ratio is currently 11.75%.

Lennar Company Profile (Get Rating)

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.

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