Equities analysts expect Lennar Co. (NYSE:LEN) to report earnings per share (EPS) of $1.32 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Lennar’s earnings, with the lowest EPS estimate coming in at $1.28 and the highest estimate coming in at $1.38. Lennar reported earnings per share of $1.40 in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 2nd.

According to Zacks, analysts expect that Lennar will report full year earnings of $5.31 per share for the current financial year, with EPS estimates ranging from $5.19 to $5.47. For the next fiscal year, analysts forecast that the company will post earnings of $5.81 per share, with EPS estimates ranging from $5.32 to $6.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Lennar.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, June 25th. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.17. Lennar had a return on equity of 12.03% and a net margin of 8.86%. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same period last year, the business posted $1.58 EPS. The business’s revenue was up 1.9% compared to the same quarter last year.

A number of brokerages have recently issued reports on LEN. Wedbush set a $62.00 price target on Lennar and gave the company a “buy” rating in a report on Wednesday, June 26th. SunTrust Banks began coverage on Lennar in a report on Monday, August 12th. They issued a “hold” rating and a $47.00 price target on the stock. Bank of America cut their price target on Lennar from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. ValuEngine downgraded Lennar from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Raymond James downgraded Lennar from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a report on Tuesday, June 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $56.37.

In related news, President Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $49.04, for a total transaction of $980,800.00. Following the transaction, the president now directly owns 346,946 shares in the company, valued at approximately $17,014,231.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 8.43% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in Lennar during the 1st quarter worth about $57,000. CSat Investment Advisory L.P. lifted its position in Lennar by 183.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,256 shares of the construction company’s stock worth $61,000 after acquiring an additional 813 shares during the period. Meeder Asset Management Inc. acquired a new stake in Lennar during the 1st quarter worth about $65,000. Patriot Financial Group Insurance Agency LLC lifted its position in Lennar by 244.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,550 shares of the construction company’s stock worth $75,000 after acquiring an additional 1,100 shares during the period. Finally, MUFG Americas Holdings Corp lifted its position in Lennar by 79.2% during the 2nd quarter. MUFG Americas Holdings Corp now owns 2,177 shares of the construction company’s stock worth $105,000 after acquiring an additional 962 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Shares of NYSE:LEN traded up $0.74 on Friday, reaching $49.25. The company had a trading volume of 4,431,000 shares, compared to its average volume of 3,556,493. Lennar has a 52-week low of $37.29 and a 52-week high of $54.50. The firm’s 50 day simple moving average is $48.10 and its 200-day simple moving average is $49.68. The firm has a market capitalization of $15.63 billion, a PE ratio of 7.76, a PEG ratio of 1.06 and a beta of 1.14. The company has a current ratio of 13.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.62.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.16 annualized dividend and a yield of 0.32%. Lennar’s dividend payout ratio (DPR) is 2.52%.

About Lennar

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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