Lennar (NYSE:LEN) Issues Q4 Earnings Guidance

Lennar (NYSE:LEN) updated its fourth quarter earnings guidance on Friday. The company provided EPS guidance of $4.10-4.25 for the period, compared to the consensus EPS estimate of $4.66. Lennar also updated its Q4 2024 guidance to 4.100-4.250 EPS.

Lennar Trading Down 5.3 %

LEN stock opened at $182.19 on Friday. Lennar has a 52 week low of $102.90 and a 52 week high of $193.80. The company has a market cap of $50.03 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.61 and a beta of 1.61. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $176.53 and a 200-day simple moving average of $163.99.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.91 earnings per share. On average, equities research analysts expect that Lennar will post 14.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LEN. Bank of America lifted their price target on shares of Lennar from $171.00 to $190.00 and gave the company a neutral rating in a research report on Thursday. JMP Securities reaffirmed a market outperform rating and set a $170.00 price target on shares of Lennar in a research report on Thursday, June 20th. Royal Bank of Canada reissued an underperform rating and issued a $145.00 price objective on shares of Lennar in a research report on Thursday, June 20th. StockNews.com raised Lennar from a hold rating to a buy rating in a research report on Friday. Finally, Wells Fargo & Company raised their target price on Lennar from $195.00 to $205.00 and gave the company an overweight rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $174.61.

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.