Lennar (LEN) Scheduled to Post Quarterly Earnings on Wednesday

Lennar (NYSE:LEN) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 3rd. Analysts expect the company to announce earnings of $1.27 per share for the quarter.

Lennar (NYSE:LEN) last released its quarterly earnings results on Tuesday, June 26th. The construction company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $1.13. Lennar had a return on equity of 12.82% and a net margin of 6.49%. The firm had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 67.4% on a year-over-year basis. On average, analysts expect Lennar to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

LEN opened at $48.87 on Wednesday. Lennar has a 1 year low of $48.71 and a 1 year high of $72.17. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.76 and a current ratio of 11.81.

In related news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the sale, the chief operating officer now owns 212,333 shares of the company’s stock, valued at $11,066,795.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.50% of the stock is currently owned by insiders.

LEN has been the topic of several recent research reports. Zacks Investment Research raised Lennar from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, June 5th. Barclays set a $63.00 price target on Lennar and gave the company a “buy” rating in a research note on Friday, September 14th. Citigroup reissued a “buy” rating and issued a $65.00 price target on shares of Lennar in a research note on Wednesday, June 27th. Bank of America lifted their target price on Lennar from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, June 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $56.00 target price (down previously from $62.00) on shares of Lennar in a research report on Wednesday, June 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $71.56.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its 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.

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Earnings History for Lennar (NYSE:LEN)

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