Lennar (LEN) Projected to Post Earnings on Thursday

Lennar (NYSE:LEN) is anticipated to announce its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $1.76 per share and revenue of $7.44 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Lennar Stock Performance

LEN stock opened at $118.76 on Thursday. The firm has a market cap of $31.53 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.24 and a beta of 1.69. The firm has a 50-day simple moving average of $128.24 and a two-hundred day simple moving average of $156.40. Lennar has a one year low of $116.67 and a one year high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is 13.95%.

Institutional Trading of Lennar

A hedge fund recently raised its stake in Lennar stock. Brighton Jones LLC lifted its stake in shares of Lennar Co. (NYSE:LEN) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LEN. Bank of America decreased their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Citigroup dropped their price objective on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus target price of $163.19.

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.