Lennar (LEN) Expected to Announce Quarterly Earnings on Wednesday

Lennar (NYSE:LEN) is expected to be posting 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 issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period in the prior year, the company posted $4.82 EPS. The business’s 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 opened at $125.19 on Tuesday. Lennar has a twelve month low of $116.67 and a twelve month 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. The business has a 50 day moving average price of $128.89 and a 200 day moving average price of $157.12. The firm has a market cap of $33.24 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is 13.95%.

Institutional Investors Weigh In On Lennar

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

Analysts Set New Price Targets

Several brokerages recently commented on LEN. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Wedbush restated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. UBS Group dropped their price target on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $163.88.

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.