Lennar (LEN) Projected to Post Earnings on Wednesday

Lennar (NYSE:LEN) is anticipated to post its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect Lennar to post earnings of $1.76 per share and revenue of $7.44 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period last year, the business earned $4.82 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts expect Lennar to post $12 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Lennar Price Performance

LEN stock opened at $125.19 on Tuesday. Lennar has a fifty-two week low of $116.67 and a fifty-two week high of $187.61. The business’s 50-day moving average is $128.89 and its two-hundred day moving average is $157.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market cap of $33.24 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.24 and a beta of 1.69.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays dropped their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wedbush reiterated a “neutral” rating and issued a $164.00 price objective on shares of Lennar in a research note on Thursday, December 19th. Finally, Bank of America decreased their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $163.88.

Hedge Funds Weigh In On Lennar

A hedge fund recently raised its stake in Lennar stock. Brighton Jones LLC grew its position in shares of Lennar Co. (NYSE:LEN) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,727 shares of the construction company’s stock after buying an additional 377 shares during the quarter. Brighton Jones LLC’s holdings in Lennar were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 81.10% of the stock is owned by institutional investors.

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.