$0.80 Earnings Per Share Expected for Lennar Co. (LEN) This Quarter

Wall Street analysts expect Lennar Co. (NYSE:LEN) to announce $0.80 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Lennar’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.62. Lennar reported earnings per share of $0.59 during the same quarter last year, which would suggest a positive year-over-year growth rate of 35.6%. The company is expected to announce its next quarterly earnings report on Monday, April 9th.

According to Zacks, analysts expect that Lennar will report full-year earnings of $5.14 per share for the current fiscal year, with EPS estimates ranging from $4.88 to $5.50. For the next financial year, analysts forecast that the business will post earnings of $5.81 per share, with EPS estimates ranging from $5.63 to $6.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Lennar.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.21). The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Lennar had a net margin of 6.41% and a return on equity of 12.00%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $1.34 EPS.

Several research firms recently commented on LEN. Credit Suisse Group raised Lennar from a “neutral” rating to an “outperform” rating and increased their target price for the company from $67.00 to $81.00 in a report on Monday, January 22nd. Mizuho raised Lennar from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Royal Bank of Canada set a $82.00 target price on Lennar and gave the company a “buy” rating in a report on Friday, January 12th. Zacks Investment Research raised Lennar from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Tuesday, January 16th. Finally, UBS Group reissued a “buy” rating on shares of Lennar in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $65.00.

In other Lennar news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 371,043 shares in the company, valued at $22,262,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Diane J. Bessette sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $69.50, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now owns 222,396 shares of the company’s stock, valued at approximately $15,456,522. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock valued at $12,392,050 in the last 90 days. 12.18% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEN. Westwood Management Corp IL acquired a new stake in shares of Lennar during the fourth quarter worth about $18,238,000. Capital Growth Management LP boosted its stake in shares of Lennar by 28.2% during the third quarter. Capital Growth Management LP now owns 1,090,000 shares of the construction company’s stock worth $57,552,000 after buying an additional 240,000 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Lennar during the fourth quarter worth about $13,456,000. PGGM Investments boosted its stake in shares of Lennar by 139.8% during the fourth quarter. PGGM Investments now owns 309,200 shares of the construction company’s stock worth $19,554,000 after buying an additional 180,275 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Lennar by 268.3% during the third quarter. Janus Henderson Group PLC now owns 162,638 shares of the construction company’s stock worth $8,587,000 after buying an additional 118,482 shares during the period. Institutional investors own 80.79% of the company’s stock.

Lennar (NYSE:LEN) opened at $60.44 on Wednesday. The company has a market capitalization of $13,574.50, a price-to-earnings ratio of 17.67, a P/E/G ratio of 0.61 and a beta of 1.26. The company has a quick ratio of 1.67, a current ratio of 8.42 and a debt-to-equity ratio of 0.80. Lennar has a twelve month low of $44.07 and a twelve month high of $72.17.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $0.16 annualized dividend and a yield of 0.26%. Lennar’s dividend payout ratio is presently 4.68%.

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Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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