Q3 2024 EPS Estimates for Lennar Co. Boosted by Analyst (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for Lennar in a research note issued on Wednesday, April 3rd. Zacks Research analyst A. Gupta now anticipates that the construction company will earn $3.70 per share for the quarter, up from their prior forecast of $3.67. The consensus estimate for Lennar’s current full-year earnings is $14.32 per share. Zacks Research also issued estimates for Lennar’s Q1 2026 earnings at $2.92 EPS and FY2026 earnings at $15.57 EPS.

Several other equities analysts have also recently commented on LEN. Royal Bank of Canada decreased their price target on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, March 14th. Barclays lifted their price objective on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. dropped their price objective on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Wedbush restated an “underperform” rating and issued a $144.00 price objective on shares of Lennar in a research report on Tuesday, April 2nd. Finally, Citigroup increased their target price on Lennar from $179.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.88.

Lennar Price Performance

Shares of LEN opened at $165.98 on Monday. The business’s 50-day moving average is $159.19 and its two-hundred day moving average is $140.33. The company has a market capitalization of $46.20 billion, a P/E ratio of 11.63, a P/E/G ratio of 2.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. Lennar has a fifty-two week low of $101.21 and a fifty-two week high of $172.59.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the prior year, the firm posted $2.12 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis.

Institutional Trading of Lennar

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC grew its position in shares of Lennar by 484.0% during the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Lennar during the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. bought a new position in shares of Lennar during the 3rd quarter valued at about $28,000. BluePath Capital Management LLC bought a new position in shares of Lennar during the 3rd quarter valued at about $29,000. Finally, Dagco Inc. bought a new position in shares of Lennar during the 4th quarter valued at about $31,000. 81.10% of the stock is owned by institutional investors and hedge funds.

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.