Zacks Research Weighs in on Lennar's Q1 Earnings (NYSE:LEN)

Lennar Corporation (NYSE:LEN - Free Report) - Analysts at Zacks Research lowered their Q1 2026 earnings per share (EPS) estimates for shares of Lennar in a note issued to investors on Monday, July 7th. Zacks Research analyst R. Department now expects that the construction company will post earnings of $1.71 per share for the quarter, down from their prior estimate of $1.94. The consensus estimate for Lennar's current full-year earnings is $12.48 per share. Zacks Research also issued estimates for Lennar's Q4 2026 earnings at $3.80 EPS and Q1 2027 earnings at $1.94 EPS.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The business had revenue of $8.38 billion during the quarter, compared to analysts' expectations of $8.21 billion. During the same period last year, the firm posted $3.45 EPS. Lennar's quarterly revenue was down 4.4% compared to the same quarter last year.

Several other equities research analysts have also commented on LEN. Royal Bank Of Canada reduced their price target on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating for the company in a research report on Wednesday, June 18th. Zelman & Associates lowered shares of Lennar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 18th. Bank of America reduced their price target on shares of Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. JMP Securities reduced their price target on shares of Lennar from $150.00 to $130.00 and set a "market outperform" rating for the company in a research report on Friday, June 20th. Finally, The Goldman Sachs Group reduced their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $128.85.

Lennar Stock Performance

Shares of NYSE LEN traded down $2.40 during midday trading on Wednesday, hitting $114.04. 2,643,984 shares of the company's stock traded hands, compared to its average volume of 2,726,912. Lennar has a 1 year low of $98.42 and a 1 year high of $187.61. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 4.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65. The firm has a fifty day moving average of $109.35 and a 200 day moving average of $117.25.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $2.00 annualized dividend and a yield of 1.75%. Lennar's payout ratio is 16.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in shares of Lennar by 45.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company's stock worth $1,020,866,000 after acquiring an additional 2,777,567 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Lennar by 3.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock worth $834,115,000 after acquiring an additional 213,003 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Lennar during the 2nd quarter worth approximately $424,950,000. Wellington Management Group LLP raised its holdings in shares of Lennar by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock worth $441,769,000 after acquiring an additional 515,378 shares in the last quarter. Finally, Brave Warrior Advisors LLC raised its holdings in Lennar by 23.4% during the 1st quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company's stock valued at $251,323,000 after buying an additional 415,218 shares during the period. 81.10% of the stock is currently owned by institutional investors.

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.