Zacks Research Has Pessimistic View of Lennar Q1 Earnings

Lennar Corporation (NYSE:LEN - Free Report) - Stock analysts at Zacks Research reduced their Q1 2026 earnings estimates for shares of Lennar in a research note issued on Monday, July 7th. Zacks Research analyst R. Department now expects that the construction company will earn $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 posted its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The company's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.45 EPS.

Several other equities analysts have also recently commented on LEN. Wells Fargo & Company reduced their target price on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their target price on Lennar from $128.00 to $114.00 and set a "market perform" rating for the company in a research note on Friday, June 20th. The Goldman Sachs Group reduced their target price on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Evercore ISI reduced their target price on Lennar from $131.00 to $114.00 and set an "in-line" rating for the company in a research note on Wednesday, June 18th. Finally, Barclays reduced their target price on Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lennar currently has an average rating of "Hold" and a consensus price target of $128.85.

Lennar Stock Down 2.1%

NYSE LEN traded down $2.40 on Wednesday, reaching $114.04. The company had a trading volume of 2,643,984 shares, compared to its average volume of 2,739,102. The firm has a market capitalization of $30.08 billion, a PE ratio of 9.43, a P/E/G ratio of 4.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.49. The firm has a 50-day moving average of $109.27 and a 200-day moving average of $117.56. Lennar has a 1 year low of $98.42 and a 1 year high of $187.61.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new position in shares of Lennar in the 2nd quarter valued at $424,950,000. The Manufacturers Life Insurance Company lifted 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 valued at $1,020,866,000 after buying an additional 2,777,567 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Lennar during the 4th quarter valued at about $218,533,000. Eminence Capital LP raised its holdings in Lennar by 130.8% in the 1st quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company's stock worth $181,523,000 after acquiring an additional 896,264 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Lennar by 18.9% in 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 during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Dividend Announcement

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

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.