Lennar Co. (NYSE:LEN) to Post FY2025 Earnings of $15.57 Per Share, Seaport Res Ptn Forecasts

Lennar Co. (NYSE:LEN - Free Report) - Stock analysts at Seaport Res Ptn dropped their FY2025 earnings per share estimates for shares of Lennar in a research report issued to clients and investors on Sunday, October 6th. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will earn $15.57 per share for the year, down from their prior estimate of $15.66. The consensus estimate for Lennar's current full-year earnings is $14.13 per share.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating analysts' consensus estimates of $3.62 by $0.28. The firm had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.91 EPS.

LEN has been the topic of several other research reports. Keefe, Bruyette & Woods increased their price target on Lennar from $183.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, September 4th. Evercore ISI decreased their price target on Lennar from $240.00 to $236.00 and set an "outperform" rating on the stock in a report on Monday, September 23rd. Bank of America increased their price target on Lennar from $171.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. StockNews.com lowered Lennar from a "buy" rating to a "hold" rating in a report on Saturday, September 28th. Finally, Raymond James lowered Lennar from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $181.11.

Lennar Price Performance

Shares of NYSE LEN traded down $0.76 during midday trading on Tuesday, reaching $181.21. 1,461,636 shares of the stock traded hands, compared to its average volume of 2,073,961. The company's 50 day moving average is $179.73 and its 200 day moving average is $165.82. Lennar has a one year low of $102.90 and a one year high of $193.80. The stock has a market capitalization of $49.76 billion, a PE ratio of 12.32, a P/E/G ratio of 1.71 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98.

Hedge Funds Weigh In On Lennar

Hedge funds and other institutional investors have recently made changes to their positions in the company. D1 Capital Partners L.P. boosted its position in Lennar by 428.9% during the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company's stock valued at $362,685,000 after purchasing an additional 1,962,447 shares in the last quarter. Pacer Advisors Inc. boosted its position in 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 purchasing an additional 396,951 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Lennar during the first quarter valued at about $61,807,000. Jacobs Levy Equity Management Inc. boosted its position in Lennar by 157.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company's stock valued at $98,889,000 after purchasing an additional 351,698 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Lennar by 20.9% during the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company's stock valued at $302,084,000 after purchasing an additional 348,553 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, October 9th. Lennar's payout ratio is 13.60%.

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.