FY2027 Earnings Forecast for Lennar Issued By Zacks Research

Lennar Co. (NYSE:LEN) – Equities research analysts at Zacks Research upped their FY2027 earnings per share estimates for shares of Lennar in a research report issued to clients and investors on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates 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.

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

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their price objective on Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Citigroup reduced their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. UBS Group reduced their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price objective 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $164.53.

Lennar Price Performance

LEN stock opened at $115.09 on Friday. The business has a 50 day moving average price of $126.09 and a 200 day moving average price of $153.31. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.24 and a beta of 1.69. Lennar has a fifty-two week low of $111.26 and a fifty-two week high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

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

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

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.