After finishing at $165.99 in the prior trading day, Lennar Corp. (NYSE: LEN) closed at $156.43, down -5.76%. In other words, the price has decreased by -$9.56 from its previous closing price. On the day, 3384487 shares were traded.
Ratios:
Our goal is to gain a better understanding of LEN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 4.27. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.11.
On November 27, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $117.
On October 17, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $123.Wells Fargo initiated its Overweight rating on October 17, 2023, with a $123 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 45.69B and an Enterprise Value of 44.83B. As of this moment, Lennar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.96, and their Forward P/E ratio for the next fiscal year is 9.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 1.28 whereas that against EBITDA is 7.94.
Stock Price History:
Over the past 52 weeks, LEN has reached a high of $172.59, while it has fallen to a 52-week low of $101.21. The 50-Day Moving Average of the stock is 158.90, while the 200-Day Moving Average is calculated to be 134.39.
Shares Statistics:
The stock has traded on average 2.12M shares per day over the past 3-months and 2.11M shares per day over the last 10 days, according to various share statistics. A total of 247.27M shares are outstanding, with a floating share count of 239.14M. Insiders hold about 14.07% of the company’s shares, while institutions hold 84.10% stake in the company. Shares short for LEN as of Mar 28, 2024 were 3.79M with a Short Ratio of 1.79, compared to 4.54M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.36% and a Short% of Float of 1.77%.
Dividends & Splits
In the trailing 12 months, LEN’s forward annual dividend rate was 1.62, compared to 1.62 this year. Against a Trailing Annual Dividend Yield of 0.98%, it implies a Forward Annual Dividend Yield of 1.28%. The stock’s 5-year Average Dividend Yield is 0.98. 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
Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $3.24 for the current quarter, with a high estimate of $3.44 and a low estimate of $3.16, while EPS last year was $3.01. The consensus estimate for the next quarter is $3.97, with high estimates of $4.42 and low estimates of $3.57.
Analysts are recommending an EPS of between $15.2 and $14.2 for the fiscal current year, implying an average EPS of $14.59. EPS for the following year is $16.38, with 21 analysts recommending between $17.57 and $15.05.
Revenue Estimates
14 analysts predict $8.52B in revenue for the current quarter. It ranges from a high estimate of $8.73B to a low estimate of $8.14B. As of the current estimate, Lennar Corp.’s year-ago sales were $8.05B, an estimated increase of 5.90% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $9.19B, an increase of 8.70% over than the figure of $5.90% in the same quarter last year. There is a high estimate of $10.29B for the next quarter, whereas the lowest estimate is $8.32B.
A total of 15 analysts have provided revenue estimates for LEN’s current fiscal year. The highest revenue estimate was $36.48B, while the lowest revenue estimate was $33.92B, resulting in an average revenue estimate of $35.44B. In the same quarter a year ago, actual revenue was $34.23B, up 3.50% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $38.08B in the next fiscal year. The high estimate is $40.21B and the low estimate is $35.88B. The average revenue growth estimate for next year is up 7.40% from the average revenue estimate for this year.
