Lennar (NYSE:LEN) Issues Q4 2026 Earnings Guidance

Lennar (NYSE:LEN) updated its fourth quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.300-1.650 for the period, compared to the consensus estimate of 1.990. The company issued revenue guidance of -.

Lennar Price Performance

Shares of LEN opened at $76.43 on Friday. The stock has a market cap of $18.41 billion, a P/E ratio of 14.45, a P/E/G ratio of 2.67 and a beta of 1.39. The business’s fifty day moving average is $84.15 and its 200 day moving average is $88.46. Lennar has a 12-month low of $75.70 and a 12-month high of $133.76. The company has a quick ratio of 0.91, a current ratio of 4.94 and a debt-to-equity ratio of 0.20.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). Lennar had a return on equity of 6.15% and a net margin of 4.09%.The company had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter last year, the company posted $2.29 EPS. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Lennar will post 5.46 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, July 10th. Lennar’s dividend payout ratio (DPR) is presently 37.81%.

Wall Street Analyst Weigh In

LEN has been the topic of several analyst reports. Barclays cut their price target on shares of Lennar from $79.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday. Wells Fargo & Company cut their target price on Lennar from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. Royal Bank Of Canada reduced their target price on Lennar from $85.00 to $69.00 and set an “underperform” rating for the company in a report on Friday. Truist Financial dropped their price target on Lennar from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their target price on Lennar from $86.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and ten have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $89.07.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Despite the housing-market slowdown, Lennar’s balance sheet remains relatively solid, while share repurchases and a dividend yield of approximately 2.55% may provide support for the stock. Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
• Positive Sentiment: Some institutional investors increased their Lennar holdings during the second quarter, including Berkshire Hathaway, JPMorgan and Goldman Sachs. These moves may offer a longer-term vote of confidence, although they predate the latest earnings report.
• Neutral Sentiment: Analyst price targets remain mixed. The reported median target is $85.50, but recent targets range from $77 to $94, reflecting uncertainty about the housing recovery and Lennar’s earnings outlook.
• Negative Sentiment: Third-quarter diluted EPS fell to $1.19, or $1.23 excluding certain items, from $2.29 a year earlier. Net income declined approximately 52% to $284 million, while revenue fell roughly 9% year over year to about $8.0 billion. Both adjusted earnings and revenue missed consensus expectations. Lennar profit halves as higher mortgage rates pressure homebuyers
• Negative Sentiment: New orders dropped 9% to 20,879 homes and deliveries declined 3% to 20,840. Lennar lowered its full-year 2026 delivery target to approximately 80,000–81,000 homes from the previously discussed 82,000–83,000 range.
• Negative Sentiment: Management cited mortgage rates near 6.8%, worsening affordability and weaker consumer confidence. Fourth-quarter EPS guidance of $1.30–$1.65 was well below the roughly $1.99 consensus estimate, increasing concerns about near-term margins and demand. Lennar Slides as Q3 Miss and Lower Delivery Outlook Weigh on Shares
• Negative Sentiment: Royal Bank of Canada cut its Lennar price target from $85 to $69 and assigned an “underperform” rating, signaling that analysts see additional downside risk.

Lennar Company Profile

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.