The price of Lennar Corp. (NYSE: LEN) closed at $152.86 in the last session, down -7.64% from day before closing price of $165.50. In other words, the price has decreased by -$12.64 from its previous closing price. On the day, 5333306 shares were traded.
Ratios:
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 8.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 5.47. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on November 27, 2023, initiated with a Hold rating and assigned the stock a target price of $117.
On October 17, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $123.
Raymond James Upgraded its Mkt Perform to Outperform on July 14, 2023, while the target price for the stock was maintained at $150.
Insider Transactions:
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 Dec 26 ’23 when BESSETTE DIANE J sold 10,000 shares for $147.73 per share. The transaction valued at 1,477,300 led to the insider holds 260,556 shares of the business.
SUSTANA MARK sold 37,304 shares of LEN for $5,460,560 on Dec 21 ’23. The VP/General Counsel/Secretary now owns 18,694 shares after completing the transaction at $146.38 per share. On Nov 14 ’23, another insider, Collins David M, who serves as the VP & Controller of the company, sold 10,000 shares for $130.00 each. As a result, the insider received 1,300,000 and left with 37,060 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LEN now has a Market Capitalization of 42.18B and an Enterprise Value of 40.65B. As of this moment, Lennar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.71, and their Forward P/E ratio for the next fiscal year is 9.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 1.19 whereas that against EBITDA is 7.32.
Stock Price History:
Over the past 52 weeks, LEN has reached a high of $167.49, while it has fallen to a 52-week low of $98.56. The 50-Day Moving Average of the stock is 153.66, while the 200-Day Moving Average is calculated to be 130.01.
Shares Statistics:
According to the various share statistics, LEN traded on average about 2.13M shares per day over the past 3-months and 2.47M shares per day over the past 10 days. A total of 247.27M shares are outstanding, with a floating share count of 239.66M. Insiders hold about 14.07% of the company’s shares, while institutions hold 83.96% stake in the company. Shares short for LEN as of Feb 29, 2024 were 4.54M with a Short Ratio of 2.13, compared to 4.77M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.63% and a Short% of Float of 2.12%.
Dividends & Splits
The forward annual dividend rate for LEN is 1.62, which was 1.62 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.98%, it implies a Forward Annual Dividend Yield of 1.31%. The stock’s 5-year Average Dividend Yield is 0.97. The current Payout Ratio is 10.92% for LEN, which recently paid a dividend on Feb 07, 2024 with an ex-dividend date of Jan 23, 2024. Stock splits for the company last occurred on Nov 09, 2017 when the company split stock in a 1017:1000 ratio.
Earnings Estimates
The company has 18 analysts who recommend its stock at the moment. On average, analysts expect EPS of $3.28 for the current quarter, with a high estimate of $3.85 and a low estimate of $2.71, while EPS last year was $3.01. The consensus estimate for the next quarter is $4.03, with high estimates of $4.63 and low estimates of $3.59.
Analysts are recommending an EPS of between $15.48 and $13.35 for the fiscal current year, implying an average EPS of $14.39. EPS for the following year is $16.14, with 22 analysts recommending between $18.52 and $13.97.
Revenue Estimates
According to 17 analysts, the current quarter’s revenue is expected to be $8.38B. It ranges from a high estimate of $9.22B to a low estimate of $7.35B. As of the current estimate, Lennar Corp.’s year-ago sales were $8.05B, an estimated increase of 4.10% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $9.29B, an increase of 9.90% over than the figure of $4.10% in the same quarter last year. There is a high estimate of $10.66B for the next quarter, whereas the lowest estimate is $8.57B.
A total of 19 analysts have provided revenue estimates for LEN’s current fiscal year. The highest revenue estimate was $36.9B, while the lowest revenue estimate was $33.44B, resulting in an average revenue estimate of $35.66B. In the same quarter a year ago, actual revenue was $34.23B, up 4.20% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $37.67B in the next fiscal year. The high estimate is $40.21B and the low estimate is $35.25B. The average revenue growth estimate for next year is up 5.60% from the average revenue estimate for this year.
