Lennar Corp. (NYSE:LEN) – Equities researchers at Wedbush issued their Q3 2016 earnings per share estimates for Lennar Corp. in a research note issued to investors on Monday. Wedbush analyst J. Mccanless anticipates that the firm will post earnings per share of $0.90 for the quarter. Wedbush currently has a “Neutral” rating and a $46.00 target price on the stock. Wedbush also issued estimates for Lennar Corp.’s Q4 2016 earnings at $1.31 EPS, FY2016 earnings at $3.91 EPS, Q1 2017 earnings at $0.63 EPS, Q2 2017 earnings at $1.00 EPS, Q3 2017 earnings at $1.05 EPS, Q4 2017 earnings at $1.30 EPS and FY2017 earnings at $3.99 EPS.

A number of other equities analysts have also recently weighed in on the stock. MKM Partners set a $52.00 price target on shares of Lennar Corp. and gave the stock a “hold” rating in a research report on Wednesday, September 14th. Bank of America Corp. set a $52.00 price target on shares of Lennar Corp. and gave the stock a “buy” rating in a research report on Tuesday. Credit Suisse Group AG reissued a “hold” rating on shares of Lennar Corp. in a research report on Tuesday, June 28th. Zacks Investment Research cut shares of Lennar Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 29th. Finally, Argus initiated coverage on shares of Lennar Corp. in a research report on Tuesday, July 5th. They set a “buy” rating and a $59.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Lennar Corp. currently has a consensus rating of “Buy” and an average target price of $54.08.

Lennar Corp. (NYSE:LEN) opened at 43.60 on Thursday. Lennar Corp. has a 52-week low of $37.14 and a 52-week high of $52.50. The firm’s 50-day moving average is $46.22 and its 200 day moving average is $46.44. The firm has a market capitalization of $9.56 billion, a P/E ratio of 11.64 and a beta of 1.37.

Lennar Corp. (NYSE:LEN) last posted its earnings results on Tuesday, September 20th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The firm had revenue of $2.83 billion for the quarter. Lennar Corp. had a net margin of 8.37% and a return on equity of 14.34%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in LEN. Cleararc Capital Inc. raised its position in shares of Lennar Corp. by 1.9% in the second quarter. Cleararc Capital Inc. now owns 4,465 shares of the company’s stock worth $206,000 after buying an additional 83 shares during the period. Gateway Investment Advisers LLC raised its position in shares of Lennar Corp. by 0.8% in the second quarter. Gateway Investment Advisers LLC now owns 12,620 shares of the company’s stock worth $582,000 after buying an additional 97 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Lennar Corp. by 1.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,996 shares of the company’s stock worth $323,000 after buying an additional 120 shares during the period. Pitcairn Co. raised its position in shares of Lennar Corp. by 1.7% in the second quarter. Pitcairn Co. now owns 7,530 shares of the company’s stock worth $347,000 after buying an additional 125 shares during the period. Finally, LS Investment Advisors LLC raised its position in shares of Lennar Corp. by 2.9% in the second quarter. LS Investment Advisors LLC now owns 7,648 shares of the company’s stock worth $353,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

Lennar Corp. Company Profile

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

5 Day Chart for NYSE:LEN

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