Lennar (NYSE:LEN) Issues Q1 Earnings Guidance

Lennar (NYSE:LEN - Get Free Report) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.60-$1.80 for the period, compared to the consensus EPS estimate of $2.45. Lennar also updated its Q1 2025 guidance to 1.600-1.800 EPS.

Lennar Stock Performance

LEN traded down $7.53 on Thursday, reaching $138.40. The company had a trading volume of 6,265,438 shares, compared to its average volume of 2,078,386. The company's fifty day moving average is $170.57 and its 200 day moving average is $169.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The stock has a market cap of $37.54 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.31 and a beta of 1.61. Lennar has a fifty-two week low of $135.21 and a fifty-two week high of $193.80.

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). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the company earned $4.82 EPS. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts predict that Lennar will post 14.11 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar's dividend payout ratio is presently 13.25%.

Analyst Ratings Changes

LEN has been the topic of several recent research reports. Zelman & Associates upgraded Lennar from a "neutral" rating to an "outperform" rating in a report on Monday, September 23rd. StockNews.com downgraded Lennar from a "buy" rating to a "hold" rating in a research note on Saturday, September 28th. Barclays cut shares of Lennar from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $210.00 to $181.00 in a report on Wednesday, December 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Lennar from $183.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Lennar from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $182.88.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company's stock, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.36% of the company's stock.

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.