Zacks Research Has Negative Estimate for Lennar Q2 Earnings

Lennar Corporation (NYSE:LEN) – Investment analysts at Zacks Research lowered their Q2 2027 earnings per share estimates for shares of Lennar in a research report issued to clients and investors on Tuesday, February 17th. Zacks Research analyst Team now forecasts that the construction company will post earnings per share of $1.78 for the quarter, down from their prior forecast of $1.84. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share. Zacks Research also issued estimates for Lennar’s Q3 2027 earnings at $2.63 EPS, Q4 2027 earnings at $2.89 EPS, FY2027 earnings at $8.12 EPS and FY2028 earnings at $9.55 EPS.

Lennar (NYSE:LEN) last announced its earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the firm earned $4.03 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year.

A number of other equities research analysts also recently commented on the stock. Bank of America restated an “underperform” rating and issued a $95.00 price objective (down previously from $125.00) on shares of Lennar in a research report on Thursday, December 18th. The Goldman Sachs Group reissued a “neutral” rating and issued a $125.00 target price on shares of Lennar in a report on Tuesday, January 13th. Royal Bank Of Canada set a $88.00 price target on Lennar in a research note on Friday, January 9th. Argus raised Lennar to a “strong-buy” rating in a report on Friday, January 16th. Finally, UBS Group downgraded Lennar from a “buy” rating to a “neutral” rating and cut their price target for the stock from $137.00 to $122.00 in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $106.38.

Lennar Stock Down 0.1%

LEN stock opened at $121.38 on Thursday. The stock has a market capitalization of $29.98 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.44. The company has a fifty day moving average of $113.17 and a 200-day moving average of $122.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89. Lennar has a one year low of $98.42 and a one year high of $144.24.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, February 4th. Lennar’s dividend payout ratio is currently 25.03%.

Institutional Trading of Lennar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LEN. Corient Private Wealth LLC lifted its holdings in shares of Lennar by 104.2% during the 4th quarter. Corient Private Wealth LLC now owns 135,342 shares of the construction company’s stock worth $13,913,000 after acquiring an additional 69,061 shares during the period. Alpine Woods Capital Investors LLC acquired a new position in shares of Lennar in the 4th quarter valued at $299,000. Vident Advisory LLC raised its position in shares of Lennar by 56.9% in the 4th quarter. Vident Advisory LLC now owns 23,026 shares of the construction company’s stock worth $2,367,000 after buying an additional 8,351 shares during the period. Beacon Pointe Advisors LLC grew its position in Lennar by 113.0% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,082 shares of the construction company’s stock valued at $728,000 after acquiring an additional 3,757 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in shares of Lennar in the 4th quarter valued at about $1,284,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.