Lennar (NYSE:LEN) Posts Earnings Results, Beats Expectations By $0.28 EPS

Lennar (NYSE:LEN) released its quarterly earnings data on Thursday. The construction company reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28, Briefing.com reports. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The business had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter in the prior year, the company posted $3.91 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis.

Lennar Trading Down 5.3 %

Shares of NYSE:LEN opened at $182.19 on Friday. The stock has a market capitalization of $50.03 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The company’s 50-day moving average price is $176.53 and its two-hundred day moving average price is $163.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. Lennar has a one year low of $102.90 and a one year high of $193.80.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LEN shares. Wells Fargo & Company increased their price target on shares of Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. StockNews.com raised shares of Lennar from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America upped 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. Argus lifted their target price on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, JMP Securities restated a “market outperform” rating and issued a $170.00 price target on shares of Lennar in a report on Thursday, June 20th. 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, Lennar currently has an average 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.