Equities research analysts predict that Lennar Corporation (NYSE:LEN) will post earnings of $1.50 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Lennar Corporation’s earnings. The highest EPS estimate is $1.55 and the lowest is $1.47. Lennar Corporation reported earnings per share of $1.34 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The business is expected to announce its next earnings results on Monday, December 18th.

On average, analysts expect that Lennar Corporation will report full year earnings of $3.66 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.70. For the next financial year, analysts anticipate that the company will report earnings of $4.85 per share, with EPS estimates ranging from $4.58 to $5.15. Zacks’ EPS calculations are an average based on a survey of analysts that follow Lennar Corporation.

Lennar Corporation (NYSE:LEN) last released its quarterly earnings data on Tuesday, October 3rd. The company reported C$1.06 EPS for the quarter, beating the consensus estimate of C$1.01 by C$0.05. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. The company had revenue of C$3.26 billion for the quarter, compared to analyst estimates of C$3.25 billion. During the same period last year, the company posted $1.01 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year.

A number of brokerages have recently issued reports on LEN. Argus reaffirmed a “buy” rating and set a $60.00 target price (up from $57.00) on shares of Lennar Corporation in a research report on Tuesday, July 25th. Mizuho lowered Lennar Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $59.00 to $53.00 in a research report on Tuesday, September 19th. MKM Partners reaffirmed a “neutral” rating on shares of Lennar Corporation in a research report on Tuesday, September 5th. BTIG Research lifted their target price on Lennar Corporation from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Finally, JMP Securities raised Lennar Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$57.93.

In other Lennar Corporation news, CFO Bruce E. Gross sold 5,000 shares of Lennar Corporation stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of C$56.48, for a total value of C$282,400.00. Following the completion of the transaction, the chief financial officer now directly owns 376,043 shares in the company, valued at C$21,238,908.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.18% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Zeke Capital Advisors LLC acquired a new position in Lennar Corporation in the third quarter valued at approximately $267,000. Trexquant Investment LP acquired a new position in Lennar Corporation in the third quarter valued at approximately $567,000. Capital Growth Management LP boosted its stake in Lennar Corporation by 28.2% in the third quarter. Capital Growth Management LP now owns 1,090,000 shares of the company’s stock valued at $57,552,000 after acquiring an additional 240,000 shares during the period. Eagle Asset Management Inc. boosted its stake in Lennar Corporation by 2.8% in the third quarter. Eagle Asset Management Inc. now owns 1,076,505 shares of the company’s stock valued at $56,860,000 after acquiring an additional 29,016 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Lennar Corporation by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 139,387 shares of the company’s stock valued at $7,271,000 after acquiring an additional 3,495 shares during the period. Institutional investors own 80.11% of the company’s stock.

Lennar Corporation (NYSE LEN) opened at C$58.71 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59. Lennar Corporation has a 52-week low of C$40.94 and a 52-week high of C$59.32. The company has a market capitalization of $13,812.11, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $0.16 dividend on an annualized basis and a yield of 0.27%. Lennar Corporation’s payout ratio is currently 4.61%.

ILLEGAL ACTIVITY NOTICE: “Lennar Corporation (LEN) Expected to Post Earnings of $1.50 Per Share” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/12/lennar-corporation-len-expected-to-post-earnings-of-1-50-per-share.html.

Lennar Corporation Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Get a free copy of the Zacks research report on Lennar Corporation (LEN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lennar Corporation (NYSE:LEN)

Receive News & Stock Ratings for Lennar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Corporation and related stocks with our FREE daily email newsletter.