Equities research analysts expect Lennar Co. (NYSE:LEN) to post $2.65 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lennar’s earnings, with estimates ranging from $2.49 billion to $2.75 billion. Lennar reported sales of $2.34 billion during the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The firm is expected to report its next quarterly earnings report on Monday, April 9th.
According to Zacks, analysts expect that Lennar will report full-year sales of $2.65 billion for the current financial year, with estimates ranging from $14.08 billion to $14.34 billion. For the next year, analysts expect that the business will report sales of $15.62 billion per share, with estimates ranging from $15.13 billion to $16.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Lennar.
Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.59 billion. Lennar had a net margin of 6.41% and a return on equity of 12.00%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share.
Lennar (NYSE:LEN) opened at $59.90 on Thursday. The firm has a market cap of $14,531.92, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.62 and a beta of 1.31. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 8.42. Lennar has a 12-month low of $49.34 and a 12-month high of $72.17.
In related news, CFO Bruce E. Gross sold 9,000 shares of Lennar stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $72.00, for a total value of $648,000.00. Following the completion of the sale, the chief financial officer now owns 346,043 shares in the company, valued at $24,915,096. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bruce E. Gross sold 1,000 shares of Lennar stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $72.00, for a total transaction of $72,000.00. Following the completion of the sale, the chief financial officer now owns 356,043 shares of the company’s stock, valued at approximately $25,635,096. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,000 shares of company stock worth $12,092,050. Corporate insiders own 8.50% of the company’s stock.
Large investors have recently modified their holdings of the stock. Comerica Bank increased its stake in shares of Lennar by 3.1% in the fourth quarter. Comerica Bank now owns 52,232 shares of the construction company’s stock worth $3,701,000 after buying an additional 1,556 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Lennar by 14.2% in the fourth quarter. Toronto Dominion Bank now owns 88,013 shares of the construction company’s stock worth $5,566,000 after buying an additional 10,940 shares during the last quarter. Private Asset Management Inc. bought a new stake in shares of Lennar in the fourth quarter worth $316,000. Rational Advisors LLC bought a new stake in shares of Lennar in the third quarter worth $1,438,000. Finally, First Trust Advisors LP increased its stake in shares of Lennar by 16.1% in the fourth quarter. First Trust Advisors LP now owns 306,342 shares of the construction company’s stock worth $19,373,000 after buying an additional 42,562 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.
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Lennar Company Profile
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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