Lennar (LEN) Scheduled to Post Quarterly Earnings on Wednesday
Lennar (NYSE:LEN) will post its quarterly earnings results before the market opens on Wednesday, October 3rd. Analysts expect Lennar to post earnings of $1.27 per share for the quarter.
Lennar (NYSE:LEN) last issued its quarterly earnings data on Tuesday, June 26th. The construction company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $1.13. Lennar had a return on equity of 12.82% and a net margin of 6.49%. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 67.4% on a year-over-year basis. On average, analysts expect Lennar to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of NYSE:LEN opened at $48.87 on Wednesday. Lennar has a 12-month low of $48.71 and a 12-month high of $72.17. The company has a market cap of $16.52 billion, a PE ratio of 12.87, a PEG ratio of 0.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.81 and a quick ratio of 0.76.
A number of equities research analysts have recently issued reports on the company. Barclays set a $63.00 price objective on Lennar and gave the stock a “buy” rating in a report on Friday, September 14th. Zacks Investment Research cut Lennar from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Citigroup restated a “buy” rating and set a $65.00 price objective on shares of Lennar in a report on Wednesday, June 27th. Bank of America boosted their price objective on Lennar from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, June 27th. Finally, Wedbush reiterated a “neutral” rating and issued a $56.00 price target (down from $62.00) on shares of Lennar in a research report on Wednesday, June 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.56.
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its 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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