FY2027 Earnings Forecast for Lennar Issued By Zacks Research

Lennar Co. (NYSE:LEN) – Investment analysts at Zacks Research lifted their FY2027 earnings per share (EPS) estimates for Lennar in a research report issued on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings per share of $16.14 for the year, up from their prior forecast of $16.12. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share.

Several other equities analysts also recently weighed in on the company. Bank of America reduced their target price on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group reduced their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, UBS Group reduced their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Fourteen research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $164.53.

Lennar Stock Down 4.1 %

LEN opened at $115.09 on Friday. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $30.56 billion, a P/E ratio of 8.03, a PEG ratio of 1.24 and a beta of 1.69. Lennar has a 52 week low of $111.26 and a 52 week high of $187.61. The business’s fifty day simple moving average is $126.09 and its 200 day simple moving average is $153.31.

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

Institutional Investors Weigh In On Lennar

A number of large investors have recently modified their holdings of LEN. Armstrong Advisory Group Inc. grew its stake in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Lennar in the fourth quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in Lennar during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in Lennar during the 4th quarter valued at approximately $28,000. Finally, Ameriflex Group Inc. acquired a new stake in Lennar during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

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 paid a $0.50 dividend. 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 1.74%. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

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.