FY2027 Earnings Forecast for Lennar Issued By Zacks Research

Lennar Corporation (NYSE:LENFree Report) – Equities researchers at Zacks Research cut their FY2027 earnings per share (EPS) estimates for shares of Lennar in a research note issued to investors on Thursday, April 2nd. Zacks Research analyst Team now forecasts that the construction company will post earnings of $7.45 per share for the year, down from their previous forecast of $8.12. Zacks Research currently has a “Hold” 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 Q4 2027 earnings at $2.53 EPS and FY2028 earnings at $7.86 EPS.

A number of other research firms have also recently commented on LEN. BTIG Research set a $90.00 price objective on Lennar in a report on Thursday, December 18th. Argus upgraded Lennar to a “strong-buy” rating in a research report on Friday, January 16th. Royal Bank Of Canada set a $88.00 price target on Lennar in a research note on Friday, January 9th. Seaport Research Partners reissued a “sell” rating and set a $74.00 price objective (down from $140.00) on shares of Lennar in a research report on Tuesday. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Lennar in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $101.14.

Read Our Latest Report on Lennar

Lennar Trading Down 3.4%

Shares of Lennar stock traded down $2.97 during mid-day trading on Tuesday, hitting $85.60. The stock had a trading volume of 2,116,794 shares, compared to its average volume of 3,154,543. The firm has a 50-day moving average of $104.71 and a two-hundred day moving average of $114.42. The firm has a market cap of $21.14 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.47. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. Lennar has a 12-month low of $83.03 and a 12-month high of $144.24.

Lennar (NYSE:LENGet Free Report) last announced its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the prior year, the company posted $2.14 EPS. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Lennar’s payout ratio is presently 28.74%.

Hedge Funds Weigh In On Lennar

Hedge funds have recently bought and sold shares of the company. Guerra Advisors Inc purchased a new stake in Lennar during the third quarter worth about $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Lennar in the third quarter valued at approximately $25,000. Redmont Wealth Advisors LLC purchased a new stake in Lennar during the 3rd quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new stake in Lennar during the 4th quarter worth approximately $31,000. Finally, DV Equities LLC purchased a new position in Lennar in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar News Summary

Here are the key news stories impacting Lennar this week:

Lennar Company Profile

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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.

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Earnings History and Estimates for Lennar (NYSE:LEN)

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