Lennar Co. (NYSE:LEN) – Investment analysts at KeyCorp issued their Q1 2018 earnings estimates for Lennar in a research report issued to clients and investors on Wednesday. KeyCorp analyst K. Zener forecasts that the construction company will earn $0.72 per share for the quarter. KeyCorp also issued estimates for Lennar’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.68 EPS and Q4 2018 earnings at $1.81 EPS.
A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $77.00 target price on shares of Lennar in a research report on Tuesday. Barclays raised Lennar from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $72.00 in a research report on Wednesday, February 7th. ValuEngine raised Lennar from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Credit Suisse Group raised Lennar from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $67.00 to $81.00 in a research report on Monday, January 22nd. Finally, Mizuho raised Lennar from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Lennar currently has an average rating of “Buy” and an average target price of $67.93.
Lennar (NYSE:LEN) opened at $59.96 on Monday. The stock has a market cap of $13,860.00, a PE ratio of 17.90, a P/E/G ratio of 0.62 and a beta of 1.26. Lennar has a one year low of $45.75 and a one year high of $72.17. 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 (NYSE:LEN) last announced its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lennar had a return on equity of 12.00% and a net margin of 6.41%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new stake in Lennar in the 4th quarter worth approximately $103,000. QS Investors LLC increased its holdings in Lennar by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after acquiring an additional 25 shares in the last quarter. First Personal Financial Services purchased a new stake in Lennar in the 4th quarter worth approximately $140,000. Independence Bank of Kentucky purchased a new stake in Lennar in the 4th quarter worth approximately $153,000. Finally, NuWave Investment Management LLC purchased a new stake in Lennar in the 4th quarter worth approximately $203,000. 80.56% of the stock is owned by institutional investors.
In other news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Mark Sustana sold 125,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $69.55, for a total transaction of $8,693,750.00. Following the sale, the general counsel now directly owns 65,720 shares of the company’s stock, valued at approximately $4,570,826. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock valued at $12,392,050 in the last ninety days. Insiders own 12.18% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were given a dividend of $0.04 per share. 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 payout ratio is currently 4.78%.
COPYRIGHT VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/14/equities-analysts-issue-forecasts-for-lennar-co-s-q1-2018-earnings-len.html.
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.
Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.