Analysts expect that Lennar Co. (NYSE:LEN) will report earnings per share of $0.78 for the current quarter, according to Zacks. Three analysts have made estimates for Lennar’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.62. Lennar posted earnings per share of $0.59 in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.2%. The business is scheduled to announce its next earnings results on Monday, April 9th.
On average, analysts expect that Lennar will report full-year earnings of $5.21 per share for the current year, with EPS estimates ranging from $4.99 to $5.50. For the next financial year, analysts expect that the firm will post earnings of $5.85 per share, with EPS estimates ranging from $5.63 to $6.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Lennar.
Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.21). The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lennar had a net margin of 6.41% and a return on equity of 12.00%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $1.34 earnings per share.
Shares of Lennar (NYSE:LEN) traded down $0.39 during trading hours on Wednesday, reaching $58.69. The company’s stock had a trading volume of 7,760,000 shares, compared to its average volume of 4,870,000. The stock has a market capitalization of $13,650.00, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 8.42 and a quick ratio of 1.67. Lennar has a fifty-two week low of $43.92 and a fifty-two week high of $72.17.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, January 25th. Lennar’s dividend payout ratio (DPR) is currently 4.78%.
In other news, CFO Bruce E. Gross sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now owns 371,043 shares of the company’s stock, valued at $22,262,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Diane J. Bessette sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $69.50, for a total value of $695,000.00. Following the completion of the transaction, the vice president now directly owns 222,396 shares in the company, valued at approximately $15,456,522. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock worth $12,392,050 in the last ninety days. Corporate insiders own 12.18% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. QS Investors LLC raised its stake in shares of Lennar by 1.0% in the second quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after buying an additional 25 shares during the period. D.A. Davidson & CO. raised its stake in shares of Lennar by 8.9% in the second quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after buying an additional 155 shares during the period. Macquarie Group Ltd. raised its stake in shares of Lennar by 3.7% in the second quarter. Macquarie Group Ltd. now owns 5,590 shares of the construction company’s stock worth $298,000 after buying an additional 200 shares during the period. Global X Management Co. LLC raised its stake in shares of Lennar by 15.6% in the fourth quarter. Global X Management Co. LLC now owns 6,474 shares of the construction company’s stock worth $409,000 after buying an additional 876 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in Lennar by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 313,127 shares of the construction company’s stock valued at $16,524,000 after purchasing an additional 924 shares during the period. 80.79% of the stock is currently owned by hedge funds and other institutional investors.
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Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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