Lennar (LEN) Expected to Announce Quarterly Earnings on Wednesday

Lennar (NYSE:LEN - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, March 12th. Analysts expect Lennar to post earnings of $1.76 per share and revenue of $7.44 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.82 EPS. On average, analysts expect Lennar to post $12 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Lennar Price Performance

NYSE LEN traded down $2.64 during trading hours on Thursday, reaching $116.29. 2,031,436 shares of the company's stock were exchanged, compared to its average volume of 2,337,423. The firm has a fifty day moving average of $128.24 and a 200-day moving average of $156.40. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar has a one year low of $115.62 and a one year high of $187.61. The stock has a market cap of $30.88 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

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Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.72%. Lennar's dividend payout ratio (DPR) is presently 13.95%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lennar stock. Brighton Jones LLC boosted its holdings in Lennar Co. (NYSE:LEN - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,727 shares of the construction company's stock after acquiring an additional 377 shares during the period. Brighton Jones LLC's holdings in Lennar were worth $236,000 as of its most recent filing with the Securities and Exchange Commission. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LEN has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, December 23rd. Citigroup dropped their price objective on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Barclays dropped their price objective on Lennar from $135.00 to $121.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered Lennar from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $152.00 to $141.00 in a research report on Tuesday. Finally, UBS Group decreased their price objective on shares of Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $163.19.

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.