Lennar (NYSE:LEN) Releases Q4 2026 Earnings Guidance

Lennar (NYSE:LEN) issued an update on its fourth quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.300-1.650 for the period, compared to the consensus earnings per share estimate of 1.990. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LEN. Evercore increased their price target on Lennar from $82.00 to $87.00 and gave the company an “underperform” rating in a report on Monday, June 15th. Bank of America decreased their price target on Lennar from $77.00 to $70.00 and set an “underperform” rating on the stock in a report on Monday. Citizens Jmp reissued a “market perform” rating on shares of Lennar in a research note on Thursday. BTIG Research set a $67.00 price objective on Lennar in a report on Monday, June 15th. Finally, UBS Group reduced their target price on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $91.00.

Lennar Price Performance

NYSE:LEN opened at $79.72 on Friday. The stock has a 50 day moving average of $84.31 and a two-hundred day moving average of $88.54. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a market cap of $19.21 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.39. Lennar has a 12 month low of $76.07 and a 12 month high of $134.07.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). Lennar had a net margin of 4.09% and a return on equity of 6.13%. The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $8.32 billion. During the same quarter last year, the company earned $2.29 earnings per share. Lennar’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts expect that Lennar will post 5.46 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.50 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. Lennar’s payout ratio is currently 37.81%.

Key Stories Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar repurchased 3 million shares for $256 million, redeemed $400 million of senior notes and maintained a relatively conservative homebuilding debt-to-capital ratio of 16.6%. These actions may provide some support for per-share value and the balance sheet. Lennar Reports Third Quarter 2026 Results
• Positive Sentiment: The company continues expanding its community footprint, including new developments in Alabama and California and a purchase of 444 lots near the major TSMC project in Phoenix, potentially positioning Lennar for longer-term demand. Lennar Opens Two New Communities
• Neutral Sentiment: Citizens JMP reaffirmed a “market perform” rating, indicating analysts see limited near-term catalysts while awaiting improvement in housing affordability. Analyst Commentary on Lennar
• Negative Sentiment: Third-quarter earnings declined sharply: net income fell 52% to $284 million, or $1.19 per diluted share, from $591 million, or $2.29, a year earlier. Revenue dropped 8.7% to $8.05 billion, missing the $8.32 billion consensus estimate, while EPS also came in below expectations. Lennar Profit Falls as Mortgage Rates Pressure Buyers
• Negative Sentiment: New orders fell 9%, deliveries declined 3%, and home-sales gross margin narrowed to 15.8% from 17.5%. Lennar cut its full-year delivery forecast again to 80,000–81,000 homes, below its prior 82,000–83,000 target and analyst expectations.
• Negative Sentiment: Fourth-quarter EPS guidance of $1.30–$1.65 was well below the approximately $1.99 consensus estimate. Management also warned that buyers are increasingly stretching their finances, reinforcing concerns that higher rates and weaker affordability will continue weighing on demand, pricing and margins. Lennar Guides Below Consensus Earnings

About Lennar

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.