Zacks Research Has Pessimistic Outlook of Lennar Q2 Earnings

Lennar Corporation (NYSE:LEN) – Zacks Research lowered their Q2 2027 EPS estimates for shares of Lennar in a note issued to investors on Tuesday, February 17th. Zacks Research analyst Team now forecasts that the construction company will post earnings per share of $1.78 for the quarter, down from their previous forecast of $1.84. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share. Zacks Research also issued estimates for Lennar’s Q3 2027 earnings at $2.63 EPS, Q4 2027 earnings at $2.89 EPS, FY2027 earnings at $8.12 EPS and FY2028 earnings at $9.55 EPS.

Lennar (NYSE:LEN) last released its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the business posted $4.03 EPS. Lennar’s revenue was down 5.8% on a year-over-year basis.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price on Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, December 18th. BTIG Research set a $90.00 price objective on shares of Lennar in a research note on Thursday, December 18th. Royal Bank Of Canada set a $88.00 target price on shares of Lennar in a research note on Friday, January 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $125.00 price target on shares of Lennar in a research report on Tuesday, January 13th. Finally, Evercore lowered Lennar from an “in-line” rating to an “underperform” rating and lowered their price objective for the stock from $114.00 to $92.00 in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $106.38.

Lennar Trading Up 0.2%

NYSE LEN opened at $116.32 on Thursday. The firm has a market capitalization of $28.73 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44. The business’s 50-day moving average price is $113.05 and its two-hundred day moving average price is $122.02. The company has a current ratio of 4.89, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. Lennar has a 12 month low of $98.42 and a 12 month high of $144.24.

Institutional Investors Weigh In On Lennar

Hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its holdings in Lennar by 73.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 10,702 shares of the construction company’s stock worth $1,349,000 after purchasing an additional 4,548 shares in the last quarter. denkapparat Operations GmbH purchased a new position in shares of Lennar during the second quarter valued at approximately $408,000. Longfellow Investment Management Co. LLC bought a new stake in Lennar during the second quarter worth $441,000. Swiss National Bank raised its position in Lennar by 4.3% in the 2nd quarter. Swiss National Bank now owns 702,872 shares of the construction company’s stock valued at $77,745,000 after buying an additional 29,300 shares during the last quarter. Finally, Cibc World Market Inc. lifted its stake in Lennar by 993.0% during the 3rd quarter. Cibc World Market Inc. now owns 129,487 shares of the construction company’s stock valued at $16,321,000 after acquiring an additional 117,640 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Wednesday, February 4th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 4th. Lennar’s payout ratio is presently 25.03%.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.