Lennar (NYSE:LEN) Issues Q4 2024 Earnings Guidance

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

Lennar Stock Down 5.3 %

Shares of NYSE 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 company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The company has a 50 day simple moving average of $176.53 and a 200-day simple moving average of $164.01. Lennar has a 1 year low of $102.90 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. The company had revenue of $9.42 billion for 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%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.91 earnings per share. On average, equities research analysts predict that Lennar will post 14.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JMP Securities reissued a market outperform rating and issued a $170.00 price target on shares of Lennar in a research note on Thursday, June 20th. BTIG Research decreased their price target on Lennar from $177.00 to $175.00 and set a buy rating on the stock in a research note on Thursday, June 20th. Keefe, Bruyette & Woods lifted their price objective on Lennar from $183.00 to $230.00 and gave the company an outperform rating in a research note on Wednesday, September 4th. StockNews.com raised Lennar from a hold rating to a buy rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lennar from $157.00 to $154.00 and set a neutral rating on the stock in a research report on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target 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.