Core Viewpoint - Lennar has shown a strong stock performance recently, outperforming both the S&P 500 and its industry peers, raising questions about its future stock trajectory [1] Earnings Estimate Revisions - The consensus earnings estimate for Lennar is $2.21 per share for the current quarter, reflecting a year-over-year increase of +4.3% [3] - The fiscal year earnings estimate stands at $14.36, indicating a +0.8% change year-over-year, while the next fiscal year's estimate is $15.92, showing a +10.9% increase [3] - The Zacks Rank for Lennar is 3 (Hold), based on recent changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $7.45 billion, representing a year-over-year increase of +14.7% [5] - For the current fiscal year, the revenue estimate is $36.09 billion (+5.4%), and for the next fiscal year, it is $38.23 billion (+5.9%) [5] Last Reported Results and Surprise History - In the last reported quarter, Lennar achieved revenues of $10.97 billion, a +7.8% increase year-over-year, and an EPS of $5.17 compared to $5.02 a year ago [6] - The company exceeded the Zacks Consensus Estimate for revenues by +6.09% and for EPS by +11.42% [6] - Lennar has consistently beaten consensus EPS and revenue estimates in the past four quarters [7] Valuation - Lennar's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing its stock price relative to its intrinsic value and growth prospects [8] - The Zacks Value Style Score for Lennar is graded B, indicating it is trading at a discount compared to its peers [9]

High-rise community infuses Downtown Denver's historic cultural district with 224 new apartment homes DENVER, Jan. 11, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Kindred Apartment Homes, joining Citizen West 10, as Quarterra's second community in Denver's historic Golden Triangle neighborhood. Kindred is a 224-home high-rise community in the ...

Maintaining its commitment to boost stockholder returns, Lennar Corporation (LEN) announced a hike in dividend payout. This hike is reflective of the homebuilder’s focus on operational excellence, land strategy and cash flow.The company increased its quarterly dividend by 33.3% to 50 cents per share ($2 annually) from 37.5 cents ($1.50 annually). This new dividend, approved by the board of directors, will be paid on Feb 7, 2024, to its stockholders of record as of Jan 24. The dividend yield, based on the la ...

Lennar Corp (NYSE:LEN) lifted its annual dividend to $2 per share from $1.50, and also raised its stock buyback program by $5 billion. LEN was last seen up 3.6% to trade at $153.56, and earlier came even closer to its Dec. 15 all-time high of $156, after staging a bounce off the $144 level last week. Over the past 12 months, the security added almost 60%.The options pits are seeing increased bullish activity in response. So far today, 2,350 calls have been traded, or double the intraday average amount. Most ...

Lennar (LEN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this homebuilder have returned +5.4%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Building Products - Home Builders industry, which Lennar falls in, has gained 6.9%. The key question now is: What could be the stock's future direction?Although medi ...

Lennar LEN, -0.77% raised its annual dividend to $2.00 a share, a 33% increase, and said the homebuilder’s board has authorized a $5 billion increase to its share-repurchase program. Based on the closing stock price of $148.16 on Tuesday, the dividend increase boosts the annual dividend yield to about 1.3%. “Given the strength of our balance sheet, our strong cash position and our operating strategy driving cash flow, we are focusing more of our capital allocation on maximizing total shareholder returns, ...

MIAMI, Jan. 9, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has increased its annual dividend to $2.00 per share from $1.50 per share, resulting in a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock. The dividend is payable on February 7, 2024 to holders of record at the close of business on January 24, 2024. Lennar also announced that its Board of Directors has authorized an ...

With the fourth quarter earnings season officially starting later next week, one company that has already posted strong end-of-the-year results is home builder Lennar Corporation (LEN) .  After beating Q4 top and bottom line expectations in mid-December, Lennar has remained on a long list of homebuilders that have largely outperformed the broader market with other notable names being D.R. Horton (DHI), Toll Brothers (TOL), and KB Home (KBH).Starting the new year, let’s see if now is a good time to buy Lenna ...

Lennar Corporation (NYSE:LEN) Q4 2023 Earnings Call Transcript December 15, 2023 11:00 AM ET Company Participants David Collins - VP & Controller Stuart Miller - Executive Chairman Jon Jaffee - Co-CEO & President Diane Bessette - CFO Conference Call Participants Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Kenneth Zener - Seaport Research Partners Michael Rehaut - JPMorgan Susan Maklari - Goldman Sachs Operator Welcome Lennar's Fourth Quarter Earnings Conference Call. At this time, all parti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ To _______ Commission File Number: 1-11749 Lennar Corporation (Exact name of registrant as specified in its charter) Delaware 95-4337490 (State or ot ...