Q4 2024 EPS Estimates for Lennar Co. Reduced by Zacks Research (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Zacks Research decreased their Q4 2024 earnings estimates for shares of Lennar in a report issued on Tuesday, September 17th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $4.72 for the quarter, down from their previous estimate of $4.75. The consensus estimate for Lennar’s current full-year earnings is $14.16 per share. Zacks Research also issued estimates for Lennar’s Q4 2025 earnings at $5.07 EPS, FY2025 earnings at $15.47 EPS, Q3 2026 earnings at $4.39 EPS and FY2026 earnings at $15.97 EPS.

Other equities analysts have also recently issued reports about the stock. Argus upped their target price on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $170.00 target price on shares of Lennar in a research note on Thursday, June 20th. Evercore ISI increased their price target on shares of Lennar from $237.00 to $240.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wells Fargo & Company raised their target price on shares of Lennar from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $172.69.

Lennar Stock Performance

LEN stock opened at $188.44 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $51.75 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.61 and a beta of 1.61. Lennar has a 12 month low of $102.90 and a 12 month high of $192.40. The firm has a 50 day moving average of $175.35 and a two-hundred day moving average of $163.60.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.57 billion.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rise Advisors LLC raised its holdings in shares of Lennar by 484.0% during the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Lennar during the 1st quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new position in shares of Lennar during the 1st quarter valued at about $32,000. Redmont Wealth Advisors LLC purchased a new position in shares of Lennar during the 1st quarter valued at about $35,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Lennar by 223.6% during the 2nd quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after buying an additional 161 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

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.