Zacks Research Analysts Cut Earnings Estimates for Lennar

Key Points

• Zacks Research has cut its Q1 2026 earnings per share estimate for Lennar to $1.58, down from $1.70, and currently rates the stock as a "Strong Sell."
• Lennar's recent earnings report showed a lower revenue of $8.81 billion and an EPS of $2.29, which surpassed the consensus estimate, but the revenue was down 6.4% year-over-year.
• The company recently announced a dividend of $0.50 per share, representing a yield of 1.7%, with a payout ratio of 19.76%.

Lennar Corporation (NYSE:LEN - Free Report) - Stock analysts at Zacks Research lowered their Q1 2026 earnings per share estimates for shares of Lennar in a report issued on Thursday, October 9th. Zacks Research analyst Team now expects that the construction company will earn $1.58 per share for the quarter, down from their previous forecast of $1.70. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Lennar's current full-year earnings is $12.48 per share.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.15. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the prior year, the firm earned $3.90 EPS. The firm's revenue was down 6.4% on a year-over-year basis.

Several other equities research analysts have also commented on the stock. Evercore ISI lowered their price target on shares of Lennar from $118.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price target on shares of Lennar from $97.00 to $92.00 and set a "neutral" rating on the stock in a report on Monday, September 22nd. Royal Bank Of Canada upped their price target on shares of Lennar from $98.00 to $106.00 and gave the company a "sector perform" rating in a report on Monday, September 22nd. The Goldman Sachs Group upped their price target on shares of Lennar from $122.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. Finally, Raymond James Financial lowered shares of Lennar from a "market perform" rating to an "underperform" rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lennar currently has an average rating of "Hold" and a consensus price target of $121.75.

Lennar Price Performance

NYSE:LEN opened at $118.85 on Monday. Lennar has a one year low of $98.42 and a one year high of $189.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49. The firm has a market cap of $30.31 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 5.32 and a beta of 1.37. The firm's fifty day moving average is $129.36 and its two-hundred day moving average is $116.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Secured Retirement Advisors LLC purchased a new position in Lennar in the 1st quarter valued at about $926,000. Marks Group Wealth Management Inc lifted its stake in Lennar by 15.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 2,183 shares of the construction company's stock valued at $251,000 after buying an additional 292 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Lennar by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company's stock valued at $23,962,000 after buying an additional 4,332 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in Lennar by 24.8% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 42,041 shares of the construction company's stock valued at $4,825,000 after buying an additional 8,357 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc lifted its stake in Lennar by 77.7% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company's stock valued at $419,000 after buying an additional 1,596 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. Lennar's dividend payout ratio is presently 19.76%.

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.

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