Lennar (NYSE:LEN) Releases Q1 Earnings Guidance

Lennar (NYSE:LEN) 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 Price Performance

Shares of NYSE:LEN opened at $138.08 on Friday. The business has a fifty day moving average price of $168.98 and a 200-day moving average price of $169.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The company has a market capitalization of $37.45 billion, a PE ratio of 9.14, a PEG ratio of 1.31 and a beta of 1.61. Lennar has a 1-year low of $135.21 and a 1-year high of $193.80.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the business posted $4.82 EPS. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts expect that Lennar will post 14.11 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.45%. Lennar’s payout ratio is 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the subject of several recent research reports. Wedbush restated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday. Bank of America boosted their price objective on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Bank Of America (Bofa) boosted their price target on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $175.94.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated 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 sale, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

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.