Lennar Corporation (LEN.B)
| Market Cap | 39.10B |
| Revenue (ttm) | 35.78B |
| Net Income (ttm) | 4.14B |
| Shares Out | 291.91M |
| EPS (ttm) | 14.68 |
| PE Ratio | 9.12 |
| Forward PE | 9.00 |
| Dividend | $2.00 (1.49%) |
| Ex-Dividend Date | Jul 5, 2024 |
| Volume | 58,556 |
| Open | 136.16 |
| Previous Close | 136.18 |
| Day's Range | 132.67 - 136.25 |
| 52-Week Range | 94.51 - 159.02 |
| Beta | 1.56 |
| Analysts | Buy |
| Price Target | 170.33 (+27.16%) |
| Earnings Date | Jun 17, 2024 |
About LEN.B
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 pro... [Read more]
Financial Performance
In 2023, Lennar's revenue was $34.23 billion, an increase of 1.67% compared to the previous year's $33.67 billion. Earnings were $3.94 billion, a decrease of -14.64%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for LEN.B stock is "Buy." The 12-month stock price forecast is $170.33, which is an increase of 27.16% from the latest price.
News
Citi downgrades D.R. Horton and Lennar
D.R. Horton and Lennar getting downgraded at Citi. The Investment Committee debates homebuilders.
Lennar's stock dives below key chart level after longtime bull cuts rating
Shares of Lennar Corp. got chopped down Tuesday after Raymond James backed away from its longtime bullish call on the home builder, citing margin concerns and other company-specific “overhangs.”
Citi Downgrade of Lennar, DR Horton Drags Home Builder Shares Lower
Shares of several home builders tumbled Tuesday after Citi downgraded Lennar (LEN) and D.R. Horton (DHI), citing concerns about a housing market it says may stay sluggish for the rest of the year.
New-home sales plunge to lowest level since November
The numbers: Sales of newly built homes in the U.S. plunged in May, as the number of home buyers scaled back in the face of high mortgage rates.
Expect more cracks in the homebuilder trade, says Seaport Global senior analyst
Kenneth “Ken” Zener, Seaport Research Partners, joins 'Fast Money' to talk the homebuilder trade and possible cracks forming in the space.
Lennar Corporation Declares Quarterly Dividends
MIAMI , June 20, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend o...
What Lennar's Q2 earnings signals for the housing market
Shares of Lennar (LEN) are trading lower in Tuesday's after-hours trading, despite the homebuilder delivering a beat in its second-quarter earnings. The company reported revenue of $8.77 billion, surp...
UBS: More upside ahead for Lennar
John Lovallo, homebuilder analyst at UBS, joins CNBC's 'The Exchange' to discuss homebuilding company Lennar, cost pressures in the sector, and more.
Lennar Stock Falls On Soft Deliveries Outlook: What To Know
Lennar beat analysts' expectations for its fiscal second quarter but said it expects lower-than-anticipated deliveries in Q3. Here's what you need to know.
Lennar shares fall after posting weaker guidance
CNBC's Diana Olick reports on news from Lennar.
NextEra Energy, Lennar And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.
Lennar Stock Drops After Home Deliveries Forecast Falls Short of Estimates
Lennar (LEN) shares dropped more than 2% in extended trading on Monday after the homebuilder's delivery forecast outweighed quarterly results that came in ahead of Wall Street expectations.
Zelman's Ivy Zelman is cautious on homebuilders due to these headwinds
Ivy Zelman, Zelman & Associates Co-Founder, joins 'Closing Bell: Overtime' to react to Lennar earnings and discuss the state of the housing sector.
Lennar Q2 earnings: ‘purchasers remained responsive to increased sales incentives'
Lennar Corp (NYSE: LEN) is trading down in extended hours on Wednesday even though it reported better-than-expected financial results for its second quarter. Lennar's guidance for the third quarter In...
Lennar Reports Second Quarter 2024 Results
Second Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 15% to $3.45 $3.38, excluding mark-to-market losses on technology investments and one-ti...
Kroger, Lennar, Accenture, Darden, and More Stocks to Watch This Week
Markets will be closed on Wednesday for Juneteenth. Plus, earnings reports, retail sales data, and Bank of England and Swiss National Bank interest-rate decisions.
Cramer's week ahead: A closer look at housing with Lennar and KB Home earnings
CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, including earnings reports from homebuilders Lennar and KB Home. He said that the housing sec...
Lennar Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Lennar Corporation LEN will release earnings results for its second quarter, after the closing bell on Monday.
Here's why UBS is bullish on homebuilder stocks
John Lovallo, UBS equity analyst, joins 'Money Movers' to discuss the lock-in effects high rates are having on homebuilders, his favorite homebuilder name, and much more.
Quarterra Multifamily Announces the Start of Leasing at Dryden Apartments
Luxury high-rise community combines sophistication with convenience in Denver's Golden Triangle Neighborhood DENVER , June 7, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corpor...
LENNAR CORPORATION'S SECOND QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
MIAMI , June 4, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter e...
Quarterra Multifamily Announces the Start of Construction at Renata Apartments
Quarterra's newest Northern California community to feature 260 one- and two-bedroom apartment homes SANTA ROSA, Calif. , June 4, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar C...
Windy Hill Development to Break Ground on Mesa Vista Community in Northeast Houston; Lennar Agrees to Buy All 630 Residential Lots
HOUSTON--(BUSINESS WIRE)-- #Houston--Windy Hill Development, a pioneering land development company establishing master-planned communities and mixed-use commercial retail projects in the Greater Houst...
Homebuilders are Benefitting from High Mortgage Rates
ResiClub analysis of the Case-Schiller National Home Price Index showed U.S. home prices are up 47% since 2020, notes Dolly and Jenny Lenz. They examine real estate market trends.