Lennar (LEN) Set to Announce Quarterly Earnings on Thursday

Lennar (NYSE:LEN) is scheduled to post its quarterly earnings results after the market closes on Thursday, September 19th. Analysts expect Lennar to post earnings of $3.62 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.18. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.57 billion. On average, analysts expect Lennar to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Lennar Stock Up 0.7 %

Lennar stock opened at $187.21 on Tuesday. The stock’s fifty day moving average is $173.56 and its two-hundred day moving average is $163.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. Lennar has a 1-year low of $102.90 and a 1-year high of $188.19. The stock has a market cap of $51.41 billion, a PE ratio of 12.73, a P/E/G ratio of 1.61 and a beta of 1.61.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. Lennar’s payout ratio is 13.60%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LEN. Citigroup reissued a “neutral” rating and set a $164.00 target price (down previously from $174.00) on shares of Lennar in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their target price on Lennar from $157.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. BTIG Research decreased their price objective on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Wells Fargo & Company boosted their price target on Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $172.69.

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, Financial Services, Multifamily, and Lennar Other 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; and development, construction, and management of multifamily rental properties.