Lennar Co. (NYSE:LEN) – Research analysts at Wedbush issued their Q1 2018 earnings estimates for Lennar in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Wedbush analyst J. Mccanless anticipates that the construction company will post earnings of $0.86 per share for the quarter. Wedbush currently has a “Hold” rating and a $60.00 price target on the stock. Wedbush also issued estimates for Lennar’s Q2 2018 earnings at $1.21 EPS, Q3 2018 earnings at $1.48 EPS and Q4 2018 earnings at $1.91 EPS.
Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.21). The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lennar had a return on equity of 12.22% and a net margin of 6.41%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share.
Other equities research analysts have also recently issued reports about the company. Mizuho cut Lennar from a “buy” rating to a “neutral” rating and cut their target price for the company from $59.00 to $53.00 in a research note on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $78.00 target price on shares of Lennar in a research note on Thursday. Credit Suisse Group reiterated a “neutral” rating and issued a $65.00 target price (up from $57.00) on shares of Lennar in a research note on Thursday. Royal Bank of Canada raised their target price on Lennar to $82.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Co upgraded Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 target price on the stock in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $62.53.
Shares of Lennar (NYSE:LEN) opened at $69.26 on Friday. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $16,100.00, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.06 and a beta of 1.35. Lennar has a one year low of $42.57 and a one year high of $70.40.
In related news, CFO Bruce E. Gross sold 5,000 shares of Lennar stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now directly owns 371,043 shares of the company’s stock, valued at $22,262,580. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total value of $1,280,400.00. Following the transaction, the chief operating officer now directly owns 99,000 shares in the company, valued at $6,337,980. The disclosure for this sale can be found here. 12.18% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its holdings in Lennar by 8.9% during the second quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after acquiring an additional 155 shares during the period. Commonwealth Bank of Australia grew its holdings in Lennar by 32.4% during the second quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock worth $114,000 after acquiring an additional 530 shares during the period. QS Investors LLC grew its holdings in Lennar by 1.0% during the second quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after acquiring an additional 25 shares during the period. Chartist Inc. CA acquired a new position in Lennar during the second quarter worth about $200,000. Finally, Fiera Capital Corp acquired a new position in Lennar during the second quarter worth about $224,000. 81.25% 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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