The price of Lennar Corporation (NYSE: LEN) closed at $100.77 in the last session, up 1.83% from day before closing price of $98.96. In other words, the price has increased by $+1.81 from its previous closing price. On the day, 2958461 shares were traded. LEN stock price reached its highest trading level at $101.78 during the session, while it also had its lowest trading level at $99.62.
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We take a closer look at LEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.40. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.17.
Upgrades & Downgrades
On January 13, 2023, RBC Capital Mkts Downgraded its rating to Underperform which previously was Sector Perform and also lowered its target price recommendation from $79 to $76.
BofA Securities Upgraded its Underperform to Neutral on January 11, 2023, whereas the target price for the stock was revised from $92 to $102.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 21 when Collins David M sold 15,000 shares for $82.00 per share. The transaction valued at 1,230,000 led to the insider holds 41,382 shares of the business.
SUSTANA MARK sold 22,000 shares of LEN for $1,577,180 on May 11. The VP/General Counsel/Secretary now owns 46,279 shares after completing the transaction at $71.69 per share.
As of this moment, Lennar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.37, and their Forward P/E ratio for the next fiscal year is 9.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 1.20.
Stock Price History:
Over the past 52 weeks, LEN has reached a high of $109.28, while it has fallen to a 52-week low of $62.54. The 50-Day Moving Average of the stock is 98.73, while the 200-Day Moving Average is calculated to be 85.11.
According to the various share statistics, LEN traded on average about 2.24M shares per day over the past 3-months and 2.38M shares per day over the past 10 days. A total of 287.36M shares are outstanding, with a floating share count of 263.86M. Insiders hold about 1.70% of the company’s shares, while institutions hold 98.20% stake in the company. Shares short for LEN as of Jan 12, 2023 were 9.76M with a Short Ratio of 7.75M, compared to 9.37M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.37% and a Short% of Float of 4.43%.
Dividends & Splits
The forward annual dividend rate for LEN is 1.50, which was 0.75 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.76%, it implies a Forward Annual Dividend Yield of 1.49%. The stock’s 5-year Average Dividend Yield is 0.77. The current Payout Ratio is 8.70% for LEN, which recently paid a dividend on Feb 09, 2023 with an ex-dividend date of Jan 25, 2023. Stock splits for the company last occurred on Nov 08, 2017 when the company split stock in a 1017:1000 ratio.
The company has 18 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.56 for the current quarter, with a high estimate of $1.78 and a low estimate of $1.43, while EPS last year was $1.69. The consensus estimate for the next quarter is $2.16, with high estimates of $2.92 and low estimates of $1.66.
Analysts are recommending an EPS of between $10.65 and $6.7 for the fiscal current year, implying an average EPS of $9.15. EPS for the following year is $10.02, with 20 analysts recommending between $12.3 and $6.22.
According to 13 analysts, the current quarter’s revenue is expected to be $5.93B. It ranges from a high estimate of $6.19B to a low estimate of $5.68B. As of the current estimate, Lennar Corporation’s year-ago sales were $6.2B, an estimated decrease of -4.30% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $6.61B, a decrease of -20.90% less than the figure of -$4.30% in the same quarter last year. There is a high estimate of $7.3B for the next quarter, whereas the lowest estimate is $5.68B.
A total of 16 analysts have provided revenue estimates for LEN’s current fiscal year. The highest revenue estimate was $29.87B, while the lowest revenue estimate was $25.03B, resulting in an average revenue estimate of $27.79B. In the same quarter a year ago, actual revenue was $33.67B, down -17.50% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $26.87B in the next fiscal year. The high estimate is $30.95B and the low estimate is $23.16B. The average revenue growth estimate for next year is down -3.30% from the average revenue estimate for this year.