Zacks Research Brokers Reduce Earnings Estimates for Lennar

Lennar Corporation (NYSE:LEN) – Equities research analysts at Zacks Research lowered their Q3 2026 earnings estimates for Lennar in a research report issued to clients and investors on Thursday, July 2nd. Zacks Research analyst Team now expects that the construction company will earn $1.30 per share for the quarter, down from their prior forecast of $1.60. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Lennar’s current full-year earnings is $5.51 per share. Zacks Research also issued estimates for Lennar’s Q3 2027 earnings at $1.67 EPS, Q4 2027 earnings at $2.14 EPS, FY2027 earnings at $6.24 EPS and Q2 2028 earnings at $1.92 EPS.

Lennar (NYSE:LEN) last released its earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the firm posted $1.81 EPS. The company’s revenue was down 5.2% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a report on Thursday, June 11th. BTIG Research set a $67.00 price objective on Lennar in a research report on Monday, June 15th. Seaport Research Partners restated a “sell” rating and set a $74.00 price objective (down from $140.00) on shares of Lennar in a research report on Tuesday, April 7th. Finally, Bank of America reduced their target price on Lennar from $84.00 to $77.00 and set an “underperform” rating for the company in a research report on Friday, June 12th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and ten have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $95.00.

Lennar Trading Up 0.4%

Shares of LEN stock opened at $88.02 on Tuesday. Lennar has a 1 year low of $81.18 and a 1 year high of $144.24. The firm’s fifty day simple moving average is $89.24 and its 200 day simple moving average is $99.21. The firm has a market capitalization of $21.20 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 2.93 and a beta of 1.38. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Institutional Trading of Lennar

Large investors have recently added to or reduced their stakes in the company. Asset Management Advisors LLC raised its position in Lennar by 0.4% in the 2nd quarter. Asset Management Advisors LLC now owns 72,007 shares of the construction company’s stock valued at $6,516,000 after purchasing an additional 315 shares during the last quarter. CX Institutional raised its holdings in shares of Lennar by 38.8% in the second quarter. CX Institutional now owns 1,908 shares of the construction company’s stock valued at $173,000 after buying an additional 533 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of Lennar in the first quarter valued at about $1,028,000. Caerus Investment Advisors LLC acquired a new position in Lennar during the 1st quarter worth about $298,000. Finally, Western Wealth Management LLC bought a new stake in Lennar during the 1st quarter worth about $83,000. 81.10% of the stock is owned by institutional investors.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. Lennar’s dividend payout ratio is presently 31.30%.

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.