Lennar (NYSE:LEN) Issues Q4 2024 Earnings Guidance

Lennar (NYSE:LEN) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 4.100-4.250 for the period, compared to the consensus EPS estimate of 4.650. The company issued revenue guidance of -. Lennar also updated its Q4 guidance to $4.10-4.25 EPS.

Lennar Price Performance

Shares of LEN opened at $182.19 on Monday. The company has a market capitalization of $50.03 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.61 and a beta of 1.61. The business’s 50-day moving average is $176.53 and its two-hundred day moving average is $164.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. Lennar has a fifty-two week low of $102.90 and a fifty-two week high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. The company 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 15.93% and a net margin of 11.58%. Lennar’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.91 earnings per share. Research analysts predict that Lennar will post 14.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JMP Securities reaffirmed a market outperform rating and issued a $170.00 price objective on shares of Lennar in a report on Thursday, June 20th. Citigroup reiterated a neutral rating and set a $164.00 price target (down previously from $174.00) on shares of Lennar in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. cut their price objective on Lennar from $157.00 to $154.00 and set a neutral rating for the company in a research report on Thursday, June 20th. Raymond James lowered Lennar from an outperform rating to a market perform rating in a research report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Lennar from $183.00 to $230.00 and gave the stock an outperform rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $174.61.

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.