Zacks Research Has Pessimistic Outlook of Lennar Q3 Earnings

Lennar Corporation (NYSE:LEN) – Research analysts at Zacks Research lowered their Q3 2026 EPS estimates for shares of Lennar in a report released on Thursday, July 2nd. Zacks Research analyst Team now forecasts that the construction company will post earnings per share of $1.30 for the quarter, down from their previous estimate of $1.60. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Lennar’s current full-year earnings is $5.51 per share. Zacks Research also issued estimates for Lennar’s Q3 2027 earnings at $1.67 EPS, Q4 2027 earnings at $2.14 EPS, FY2027 earnings at $6.24 EPS and Q2 2028 earnings at $1.92 EPS.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. Lennar’s revenue for the quarter was down 5.2% compared to the same quarter last year.

A number of other research analysts also recently weighed in on the company. Citigroup cut their price target on Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Seaport Research Partners reiterated a “sell” rating and issued a $74.00 price objective (down from $140.00) on shares of Lennar in a report on Tuesday, April 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Lennar in a report on Thursday, June 11th. Royal Bank Of Canada decreased their target price on Lennar from $88.00 to $85.00 and set an “underperform” rating for the company in a research report on Monday, June 15th. Finally, UBS Group cut their price target on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $95.00.

Lennar Price Performance

LEN opened at $88.02 on Tuesday. The company has a fifty day moving average price of $89.24 and a two-hundred day moving average price of $99.21. The firm has a market capitalization of $21.20 billion, a PE ratio of 13.85, a P/E/G ratio of 2.93 and a beta of 1.38. Lennar has a 52 week low of $81.18 and a 52 week high of $144.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91.

Institutional Trading of Lennar

A number of large investors have recently bought and sold shares of the business. Asset Management Advisors LLC raised its holdings in Lennar by 0.4% during the 2nd quarter. Asset Management Advisors LLC now owns 72,007 shares of the construction company’s stock worth $6,516,000 after buying an additional 315 shares during the period. CX Institutional increased its position in shares of Lennar by 38.8% during the second quarter. CX Institutional now owns 1,908 shares of the construction company’s stock worth $173,000 after acquiring an additional 533 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in shares of Lennar during the first quarter worth $1,028,000. Caerus Investment Advisors LLC bought a new stake in Lennar in the 1st quarter valued at $298,000. Finally, Western Wealth Management LLC acquired a new position in Lennar in the 1st quarter worth $83,000. 81.10% of the stock is owned by institutional investors.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Lennar’s dividend payout ratio (DPR) is currently 31.30%.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.