Lennar (LEN) Projected to Post Earnings on Thursday

Lennar (NYSE:LEN) is expected to release its earnings data before the market opens on Thursday, March 20th. Analysts expect Lennar to post earnings of $1.76 per share and revenue of $7.44 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the company posted $4.82 earnings per share. Lennar’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, analysts expect Lennar to post $12 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Lennar Price Performance

Shares of LEN stock opened at $119.00 on Tuesday. Lennar has a 1 year low of $115.61 and a 1 year high of $187.61. The firm’s 50 day moving average is $127.21 and its 200-day moving average is $154.87. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.24 and a beta of 1.69. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.68%. Lennar’s payout ratio is 13.95%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. The Goldman Sachs Group cut their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Finally, Keefe, Bruyette & Woods lowered shares of Lennar from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $152.00 to $141.00 in a report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $165.53.

Institutional Investors Weigh In On Lennar

An institutional investor recently raised its position in Lennar stock. Brighton Jones LLC boosted its holdings in Lennar Co. (NYSE:LEN) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,727 shares of the construction company’s stock after purchasing an additional 377 shares during the period. Brighton Jones LLC’s holdings in Lennar were worth $236,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Company Profile

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.