Analysts Estimate Report : What to Look Out for Lennar Stock Forecast, Price & News (NYSE:LEN)

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Earnings results for Lennar Stock Forecast, Price & News (NYSE:LEN)

Lennar Corporation is expected* to report earnings on 09/14/2020 after market close. The report will be for the fiscal Quarter ending Aug 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.51. The reported EPS for the same quarter last year was $1.5899999999999999.

Lennar last issued its earnings data on June 15th, 2020. The construction company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.29 by $0.36. The company earned $5.30 billion during the quarter, compared to analyst estimates of $5.20 billion. Its quarterly revenue was down 4.7% on a year-over-year basis. Lennar has generated $5.74 earnings per share over the last year and currently has a price-to-earnings ratio of 11.7. Lennar has confirmed that its next quarterly earnings report will be published on Monday, September 14th, 2020.

Analyst Opinion on Lennar Stock Forecast, Price & News (NYSE:LEN)

18 Wall Street analysts have issued ratings and price targets for Lennar in the last 12 months. Their average twelve-month price target is $69.74, predicting that the stock has a possible downside of 10.00%. The high price target for LEN is $94.00 and the low price target for LEN is $47.00. There are currently 8 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Lennar has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 10 buy ratings, 8 hold ratings, and no sell ratings. According to analysts’ consensus price target of $69.74, Lennar has a forecasted downside of 10.0% from its current price of $77.48. Lennar has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Lennar Stock Forecast, Price & News (NYSE:LEN)

Lennar has a dividend yield of 0.65%, which is in the bottom 25% of all stocks that pay dividends. Lennar has only been increasing its dividend for 1 years. The dividend payout ratio of Lennar is 8.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lennar will have a dividend payout ratio of 7.60% next year. This indicates that Lennar will be able to sustain or increase its dividend.

Insiders buying/selling: Lennar Stock Forecast, Price & News (NYSE:LEN)

In the past three months, Lennar insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,792,450.00 in company stock. Only 8.60% of the stock of Lennar is held by insiders. 81.62% of the stock of Lennar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lennar Stock Forecast, Price & News (NYSE:LEN

Earnings for Lennar are expected to grow by 4.94% in the coming year, from $6.27 to $6.58 per share. The P/E ratio of Lennar is 11.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.41. The P/E ratio of Lennar is 11.67, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 28.12. Lennar has a PEG Ratio of 1.59. PEG Ratios above 1 indicate that a company could be overvalued. Lennar has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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