Lennar (NYSE:LEN) Issues Q4 Earnings Guidance

Lennar (NYSE:LEN) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share guidance of $4.10-4.25 for the period, compared to the consensus earnings per share estimate of $4.66. Lennar also updated its Q4 2024 guidance to 4.100-4.250 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LEN. StockNews.com upgraded Lennar from a hold rating to a buy rating in a report on Friday. Bank of America upped their price target on Lennar from $171.00 to $190.00 and gave the stock a neutral rating in a research report on Thursday. Keefe, Bruyette & Woods raised their price objective on Lennar from $183.00 to $230.00 and gave the stock an outperform rating in a research report on Wednesday, September 4th. Wedbush reiterated a neutral rating and issued a $144.00 price target on shares of Lennar in a research note on Friday. Finally, Citigroup restated a neutral rating and set a $164.00 price target (down previously from $174.00) on shares of Lennar in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $174.61.

Lennar Trading Down 5.2 %

Shares of Lennar stock opened at $182.48 on Friday. The firm has a fifty day moving average price of $176.53 and a 200 day moving average price of $163.96. The stock has a market cap of $50.11 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. 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 issued its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The firm had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter in the prior year, the business earned $3.91 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Lennar will post 14.16 earnings per share for the current year.

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.