Lennar Co. (NYSE:LEN) – KeyCorp increased their FY2018 earnings per share estimates for shares of Lennar in a research report issued on Wednesday. KeyCorp analyst K. Zener now forecasts that the construction company will post earnings per share of $5.30 for the year, up from their previous estimate of $4.88. KeyCorp also issued estimates for Lennar’s FY2019 earnings at $5.97 EPS.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.21). The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lennar had a net margin of 6.41% and a return on equity of 12.00%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share.

LEN has been the subject of several other reports. UBS Group initiated coverage on Lennar in a research note on Wednesday, October 25th. They set a “buy” rating for the company. Wedbush increased their target price on Lennar from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded Lennar from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, January 16th. Mizuho reiterated a “hold” rating and set a $53.00 target price on shares of Lennar in a research note on Friday, October 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $78.00 target price on shares of Lennar in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $66.07.

Lennar (LEN) opened at $58.69 on Friday. The company has a market capitalization of $13,650.00, a P/E ratio of 17.52, a PEG ratio of 0.62 and a beta of 1.26. 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 one year low of $43.92 and a one year high of $72.17.

Hedge funds and other institutional investors have recently modified their holdings of the business. Fishman Jay A Ltd. MI acquired a new stake in Lennar in the third quarter worth $1,771,000. Private Asset Management Inc. acquired a new stake in Lennar in the fourth quarter worth $316,000. Rational Advisors LLC acquired a new stake in Lennar in the third quarter worth $1,438,000. Bank of Nova Scotia increased its position in Lennar by 71.8% in the second quarter. Bank of Nova Scotia now owns 79,890 shares of the construction company’s stock worth $4,260,000 after buying an additional 33,388 shares during the period. Finally, Parkwood LLC acquired a new stake in Lennar in the third quarter worth $3,969,000. 80.79% of the stock is currently owned by hedge funds and other institutional investors.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total value of $1,280,400.00. Following the sale, the chief operating officer now directly owns 99,000 shares of the company’s stock, valued at $6,337,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now directly owns 371,043 shares in the company, valued at $22,262,580. The disclosure for this sale can be found here. Insiders have sold 180,000 shares of company stock worth $12,392,050 over the last 90 days. 12.18% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 26th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, January 25th. Lennar’s dividend payout ratio (DPR) is presently 4.78%.

ILLEGAL ACTIVITY NOTICE: “Lennar Co. (LEN) to Post FY2018 Earnings of $5.30 Per Share, KeyCorp Forecasts” was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.dailypolitical.com/2018/02/10/lennar-co-len-to-post-fy2018-earnings-of-5-30-per-share-keycorp-forecasts.html.

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.

Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.