Equities Analysts Offer Predictions for Lennar Co.’s Q1 2018 Earnings (LEN)

Lennar Co. (NYSE:LEN) – Stock analysts at KeyCorp issued their Q1 2018 earnings estimates for Lennar in a report issued on Wednesday. KeyCorp analyst K. Zener anticipates that the construction company will earn $0.72 per share for the quarter. KeyCorp also issued estimates for Lennar’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.68 EPS and Q4 2018 earnings at $1.81 EPS.

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

Other equities research analysts have also recently issued research reports about the stock. UBS Group initiated coverage on shares of Lennar in a research note on Wednesday, October 25th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $78.00 price target on shares of Lennar in a research note on Thursday, January 11th. Royal Bank of Canada set a $82.00 price target on shares of Lennar and gave the company a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research raised shares of Lennar from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Tuesday, January 16th. Finally, Mizuho raised shares of Lennar from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.07.

Shares of Lennar (NYSE:LEN) opened at $58.69 on Monday. Lennar has a one year low of $43.92 and a one year high of $72.17. The stock has a market cap of $13,807.41, a price-to-earnings ratio of 17.16, a P/E/G ratio of 0.62 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.

Hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lennar during the 4th quarter valued at about $103,000. First Personal Financial Services acquired a new position in shares of Lennar during the 4th quarter valued at about $140,000. Independence Bank of Kentucky acquired a new position in shares of Lennar during the 4th quarter valued at about $153,000. QS Investors LLC boosted its position in shares of Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after acquiring an additional 25 shares during the last quarter. Finally, NuWave Investment Management LLC acquired a new position in shares of Lennar during the 4th quarter valued at about $203,000. 80.79% of the stock is currently owned by hedge funds and other institutional investors.

In other Lennar news, CFO Bruce E. Gross sold 5,000 shares of Lennar stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the sale, the chief operating officer now directly owns 99,000 shares in the company, valued at approximately $6,337,980. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 180,000 shares of company stock worth $12,392,050. 12.18% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, January 25th. This represents a $0.16 annualized dividend and a yield of 0.27%. Lennar’s dividend payout ratio (DPR) is presently 4.68%.

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About Lennar

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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