Lennar (NYSE:LEN) Updates Q4 2024 Earnings Guidance

Lennar (NYSE:LEN) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 4.100-4.250 for the period, compared to the consensus earnings per share estimate of 4.650. The company issued revenue guidance of -. Lennar also updated its Q4 guidance to $4.10-4.25 EPS.

Analyst Upgrades and Downgrades

Several research analysts have commented on LEN shares. StockNews.com downgraded shares of Lennar from a buy rating to a hold rating in a report on Monday, August 12th. Argus boosted their target price on Lennar from $175.00 to $180.00 and gave the stock a buy rating in a research report on Thursday, June 27th. Evercore ISI raised their price target on Lennar from $237.00 to $240.00 and gave the company an outperform rating in a report on Monday, July 15th. JMP Securities reissued a market outperform rating and set a $170.00 price objective on shares of Lennar in a report on Thursday, June 20th. Finally, Bank of America raised their target price on shares of Lennar from $171.00 to $190.00 and gave the company a neutral rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $174.61.

Lennar Trading Down 5.3 %

Lennar stock traded down $10.26 during trading hours on Friday, reaching $182.19. The company had a trading volume of 6,954,387 shares, compared to its average volume of 2,091,540. The firm has a market cap of $50.03 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.61 and a beta of 1.61. Lennar has a 12-month low of $102.90 and a 12-month high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The company has a 50-day moving average price of $176.08 and a 200 day moving average price of $163.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.91 EPS. Equities analysts forecast that Lennar will post 14.16 earnings per share for the current year.

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.