Lennar (NYSE:LEN) Announces Quarterly Earnings Results

Posted by Francis Steltz on Sep 17th, 2026

Lennar (NYSE:LEN – Get Free Report) announced its quarterly earnings data on Wednesday. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06), FiscalAI reports. The business had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $8.32 billion. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The firm’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 EPS.

Lennar Stock Performance

Shares of Lennar stock opened at $78.39 on Thursday. Lennar has a fifty-two week low of $76.63 and a fifty-two week high of $139.44. The firm has a market cap of $18.88 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.68 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $84.40 and a 200 day simple moving average of $88.79.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, July 10th. Lennar’s dividend payout ratio is presently 31.30%.

Key Stories Impacting Lennar

Here are the key news stories impacting Lennar this week:

Positive Sentiment: Lennar repurchased 3 million shares for $256 million, redeemed $400 million of senior notes and maintained a relatively conservative homebuilding debt-to-capital ratio of 16.6%, supporting shareholder returns and balance-sheet strength. Lennar Reports Third Quarter 2026 Results
Positive Sentiment: The company acquired 444 residential lots near Taiwan Semiconductor Manufacturing Co.’s planned $265 billion Phoenix-area development for $60 million, giving Lennar potential exposure to future employment and housing demand in the region. Lennar snags 444 lots near TSMC’s Phoenix project
Neutral Sentiment: Financial Services operating earnings were $129 million, while homebuilding cash and equivalents totaled $1.2 billion. Fourth-quarter guidance calls for 19,500–20,500 new orders and 22,000–23,000 deliveries, providing investors with the next indicators of demand.
Negative Sentiment: Third-quarter adjusted EPS was $1.23, below the $1.29 consensus estimate, while revenue of $8.05 billion also missed the $8.32 billion forecast. Reported EPS was $1.19, compared with $2.29 a year earlier, and revenue declined 8.7% year over year. Lennar Lags Q3 Earnings and Revenue Estimates
Negative Sentiment: New orders fell 9% to 20,879 homes, deliveries declined 3% to 20,840, and the gross margin on home sales narrowed to 15.8% from 17.5%. Higher mortgage rates are prompting incentives and pressuring profitability. Lennar profit halves as higher mortgage rates pressure homebuyers
Negative Sentiment: Lennar lowered its full-year delivery forecast to 80,000–81,000 homes from 82,000–83,000, below analysts’ expectation of approximately 82,300 homes. The guidance reduction reinforces concerns about weakening housing-market conditions. Lennar Cuts Deliveries Target Again

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. Royal Bank Of Canada cut their price objective on Lennar from $88.00 to $85.00 and set an “underperform” rating for the company in a research report on Monday, June 15th. UBS Group lowered their price target on Lennar from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Argus set a $108.00 price objective on Lennar in a research note on Thursday, July 9th. Finally, Wells Fargo & Company decreased their target price on Lennar from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $91.00.

Check Out Our Latest Research Report on LEN

About Lennar

(Get Free Report)

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.