Q4 2024 EPS Estimates for Lennar Co. (NYSE:LEN) Lowered by Analyst

Lennar Co. (NYSE:LEN) – Research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Lennar in a research report issued on Tuesday, September 17th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $4.72 for the quarter, down from their prior forecast of $4.75. The consensus estimate for Lennar’s current full-year earnings is $14.16 per share. Zacks Research also issued estimates for Lennar’s Q4 2025 earnings at $5.07 EPS, FY2025 earnings at $15.47 EPS, Q3 2026 earnings at $4.39 EPS and FY2026 earnings at $15.97 EPS.

Other analysts have also issued research reports about the company. JMP Securities reiterated a “market outperform” rating and issued a $170.00 price target on shares of Lennar in a report on Thursday, June 20th. Bank of America lifted their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. The Goldman Sachs Group cut shares of Lennar from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $180.00 to $174.00 in a research report on Monday, July 22nd. Finally, Citigroup reissued a “neutral” rating and issued a $164.00 price objective (down previously from $174.00) on shares of Lennar in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Lennar presently has a consensus rating of “Hold” and a consensus target price of $173.71.

Lennar Price Performance

Lennar stock opened at $192.45 on Wednesday. The stock has a market cap of $52.85 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The firm has a 50-day moving average of $176.08 and a two-hundred day moving average of $163.80. Lennar has a 1 year low of $102.90 and a 1 year high of $193.80. 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 (NYSE:LEN) last posted its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping the consensus estimate of $3.20 by $0.18. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.57 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%.

Institutional Investors Weigh In On Lennar

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in shares of Lennar by 15.1% during the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after acquiring an additional 396,951 shares in the last quarter. D1 Capital Partners L.P. raised its holdings in shares of Lennar by 428.9% in the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock worth $362,685,000 after buying an additional 1,962,447 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Lennar by 20.9% during the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock worth $302,084,000 after buying an additional 348,553 shares during the period. Nordea Investment Management AB grew its holdings in shares of Lennar by 3.6% during the first quarter. Nordea Investment Management AB now owns 1,760,729 shares of the construction company’s stock valued at $303,585,000 after buying an additional 60,713 shares during the last quarter. Finally, Eminence Capital LP increased its position in shares of Lennar by 14.6% in the 2nd quarter. Eminence Capital LP now owns 655,368 shares of the construction company’s stock valued at $98,220,000 after acquiring an additional 83,316 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Company Profile

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.