Wall Street analysts forecast that Lennar Co. (NYSE:LEN) will announce sales of $5.11 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Lennar’s earnings, with the highest sales estimate coming in at $5.17 billion and the lowest estimate coming in at $5.09 billion. Lennar reported sales of $5.46 billion in the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The company is expected to issue its next earnings results on Tuesday, June 25th.

On average, analysts expect that Lennar will report full-year sales of $21.55 billion for the current fiscal year, with estimates ranging from $21.17 billion to $21.84 billion. For the next fiscal year, analysts anticipate that the business will post sales of $22.35 billion, with estimates ranging from $21.86 billion to $22.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Lennar.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, March 27th. The construction company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $4.10 billion. Lennar had a return on equity of 13.04% and a net margin of 8.39%. Lennar’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS.

A number of equities analysts have recently commented on the stock. BTIG Research decreased their price target on shares of Lennar to $65.00 and set a “positive” rating on the stock in a report on Thursday, March 28th. KeyCorp increased their price target on shares of Lennar from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $60.00 price target on shares of Lennar in a report on Sunday, February 24th. ValuEngine raised shares of Lennar from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Finally, Bank of America set a $57.00 price target on shares of Lennar and gave the stock a “buy” rating in a report on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $56.47.

Shares of NYSE:LEN traded up $0.83 during trading on Tuesday, reaching $51.91. The company had a trading volume of 1,342,885 shares, compared to its average volume of 3,575,216. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 0.69 and a beta of 1.33. Lennar has a 12 month low of $37.29 and a 12 month high of $55.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 14.77 and a quick ratio of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.31%. Lennar’s dividend payout ratio (DPR) is 2.52%.

In other news, President Jonathan M. Jaffe sold 20,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $48.94, for a total value of $978,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.43% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Highland Capital Management LLC boosted its stake in shares of Lennar by 9.1% in the 1st quarter. Highland Capital Management LLC now owns 113,617 shares of the construction company’s stock valued at $5,577,000 after purchasing an additional 9,464 shares in the last quarter. Macquarie Group Ltd. boosted its position in Lennar by 5,113.8% during the 4th quarter. Macquarie Group Ltd. now owns 241,400 shares of the construction company’s stock valued at $9,451,000 after buying an additional 236,770 shares during the period. Tibra Equities Europe Ltd purchased a new stake in Lennar during the 1st quarter valued at $604,000. CI Investments Inc. boosted its position in Lennar by 188.5% during the 4th quarter. CI Investments Inc. now owns 756 shares of the construction company’s stock valued at $30,000 after buying an additional 494 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Lennar by 29.1% during the 4th quarter. Mackenzie Financial Corp now owns 22,772 shares of the construction company’s stock valued at $892,000 after buying an additional 5,139 shares during the period. 83.08% of the stock is owned by institutional investors.

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, Lennar Financial Services, Lennar Multifamily, and Rialto 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.

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Earnings History and Estimates for Lennar (NYSE:LEN)

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