Lennar (NYSE:LEN) Updates Q4 2024 Earnings Guidance

Lennar (NYSE:LEN) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 4.100-4.250 for the period, compared to the consensus estimate of 4.650. The company issued revenue guidance of -. Lennar also updated its Q4 guidance to $4.10-4.25 EPS.

Analysts Set New Price Targets

A number of brokerages have issued reports on LEN. BTIG Research decreased their price target on Lennar from $177.00 to $175.00 and set a buy rating on the stock in a research report on Thursday, June 20th. Bank of America lifted their price target on Lennar from $171.00 to $190.00 and gave the company a neutral rating in a report on Thursday. StockNews.com lowered shares of Lennar from a buy rating to a hold rating in a report on Monday, August 12th. Evercore ISI boosted their target price on shares of Lennar from $237.00 to $240.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada reissued an underperform rating and set a $145.00 price target on shares of Lennar in a research note on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $174.61.

Lennar Trading Down 5.3 %

Shares of NYSE:LEN traded down $10.26 during mid-day trading on Friday, reaching $182.19. 6,954,387 shares of the company’s stock were exchanged, compared to its average volume of 2,091,540. The firm has a market capitalization of $50.03 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.61 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. Lennar has a twelve month low of $102.90 and a twelve month high of $193.80. The business’s fifty day moving average price is $176.08 and its 200-day moving average price is $163.80.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. Lennar’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.91 EPS. On average, research analysts predict that Lennar will post 14.16 EPS for the current fiscal year.

About Lennar

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.