Wall Street brokerages expect Lennar Co. (NYSE:LEN) to post earnings per share (EPS) of $0.81 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Lennar’s earnings. The lowest EPS estimate is $0.69 and the highest is $1.16. Lennar reported earnings per share of $1.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 27%. The firm is expected to issue its next earnings report before the market opens on Wednesday, April 3rd.

On average, analysts expect that Lennar will report full-year earnings of $6.02 per share for the current financial year, with EPS estimates ranging from $5.59 to $6.75. For the next year, analysts forecast that the company will post earnings of $6.52 per share, with EPS estimates ranging from $6.05 to $7.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Lennar.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, January 9th. The construction company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.05. The business had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.46 billion. Lennar had a net margin of 8.24% and a return on equity of 13.76%. The firm’s quarterly revenue was up 70.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share.

LEN has been the subject of several analyst reports. Credit Suisse Group reissued a “hold” rating and issued a $49.00 price objective on shares of Lennar in a research note on Friday, February 15th. Deutsche Bank raised their price objective on shares of Lennar to $56.00 and gave the stock a “buy” rating in a research note on Thursday, January 10th. Royal Bank of Canada set a $53.00 price objective on shares of Lennar and gave the stock a “buy” rating in a research note on Thursday, January 10th. Zacks Investment Research raised shares of Lennar from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Buckingham Research initiated coverage on shares of Lennar in a research note on Friday, January 11th. They issued a “buy” rating for the company. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Lennar currently has a consensus rating of “Buy” and an average price target of $57.29.

NYSE LEN traded down $0.29 during trading on Tuesday, hitting $47.73. The stock had a trading volume of 3,667,322 shares, compared to its average volume of 3,916,781. The company has a debt-to-equity ratio of 0.58, a current ratio of 11.48 and a quick ratio of 1.12. The company has a market cap of $15.67 billion, a P/E ratio of 7.52, a PEG ratio of 0.58 and a beta of 1.32. Lennar has a one year low of $37.29 and a one year high of $64.90.

In other news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $40.03, for a total transaction of $800,600.00. Following the completion of the sale, the chief operating officer now owns 171,014 shares of the company’s stock, valued at $6,845,690.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.43% of the company’s stock.

Several institutional investors have recently bought and sold shares of LEN. Ceredex Value Advisors LLC bought a new stake in shares of Lennar during the fourth quarter valued at approximately $28,000. CI Investments Inc. increased its holdings in Lennar by 188.5% during the fourth 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. Valley National Advisers Inc. purchased a new position in Lennar during the fourth quarter valued at approximately $49,000. NuWave Investment Management LLC purchased a new position in Lennar during the fourth quarter valued at approximately $51,000. Finally, SeaBridge Investment Advisors LLC increased its holdings in Lennar by 277.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 1,360 shares of the construction company’s stock valued at $53,000 after buying an additional 1,000 shares during the period. 84.53% of the stock is owned by hedge funds and other 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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