When is Lennar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 12th 2024. View our LEN.B earnings forecast .

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN.B) posted its quarterly earnings data on Wednesday, March, 13th. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.37. The construction company had revenue of $7.31 billion for the quarter. Lennar had a net margin of 11.59% and a trailing twelve-month return on equity of 15.90%. During the same quarter last year, the company posted $2.06 earnings per share.

How often does Lennar pay dividends? What is the dividend yield for Lennar?

Lennar declared a quarterly dividend on Wednesday, April 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.50 per share on Wednesday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, April 23rd. Read our dividend analysis for LEN.B .

Is Lennar a good dividend stock?

Lennar (NYSE:LEN.B) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.41%. The dividend payout ratio is 14.02%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for LEN.B .

What ETFs hold Lennar's stock?

ETFs with the largest weight of Lennar (NYSE:LEN.B) stock in their portfolio include LifeGoal Home Down Payment Investment ETF (HOM) and iShares U.S. Home Construction ETF (ITB) . Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL) .

NYSE:LEN.B

Lennar (LEN.B) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: $137.96
▼
$140.67
50-Day Range: $56.85
▼
$68.72
52-Week Range: $18.87
▼
$63.50

Volume: 50,866 shs
Average Volume: 45,708 shs
Market Capitalization: $38.47 billion

P/E Ratio: 9.69
Dividend Yield: 1.45%
Price Target: N/A

Stock Analysis

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About Lennar Stock (NYSE:LEN.B)

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land. It primarily sells single-family attached and detached homes in communities targeted to first-time, move-up, active adult, and luxury homebuyers. The company also offers residential mortgage financing, title insurance, and closing services for home buyers and others. In addition, it involves in the fund investment activity; and originates and sells into securitizations commercial mortgage loans. Further, the company develops, constructs, and manages multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

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LEN.B Stock News Headlines

April 3, 2024 | seekingalpha.com

Lennar Corporation: Rating Downgrade As Upside Looks Priced In Already

March 25, 2024 | bizjournals.com

Lennar launches townhome sales in beach city

April 18, 2024 | Darwin (Ad)

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March 18, 2024 | bizjournals.com

Lennar, BH Group to build on golf course after settlement

March 16, 2024 | seekingalpha.com

Lennar Corporation (LEN) Q1 2024 Earnings Call Transcript

March 15, 2024 | msn.com

Lennar Analysts Boost Their Forecasts After Upbeat Earnings

March 14, 2024 | markets.businessinsider.com

Analysts’ Top Consumer Cyclical Picks: Lennar (LEN), Purple Innovation (PRPL)

March 14, 2024 | benzinga.com

Company Calendar

Ex-Dividend for 2/7 Dividend: 1/23/2024
Dividend Payable: 2/07/2024
Last Earnings: 3/13/2024
Today: 4/17/2024
Ex-Dividend for 5/8 Dividend: 4/23/2024
Dividend Payable: 5/08/2024
Next Earnings (Estimated): 6/12/2024
Fiscal Year End: 11/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: General building contractors - residential buildings
Sub-Industry: N/A
Current Symbol: NYSE:LEN.B
CUSIP: N/A
CIK: N/A
Web: www.lennar.com
Phone: 305-559-4000
Fax: 305-226-4158
Employees: 9,495
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $14.27
Trailing P/E Ratio: 9.69
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $3.94 billion
Net Margins: 11.59%
Pretax Margin: 15.26%
Return on Equity: 15.90%
Return on Assets: 10.89%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 5.47
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: $34.23 billion
Price / Sales: 1.12
Cash Flow: $14.60 per share
Price / Cash Flow: 9.47
Book Value: $96.21 per share
Price / Book: 1.44

Miscellaneous

Outstanding Shares: 278,340,000
Free Float: 236,732,000
Market Cap: $38.47 billion
Optionable: Not Optionable
Beta: 1.53

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Key Executives

Mr. Stuart A. Miller (Age 63)
Exec. Chairman
Comp: $12.27M
Mr. Jonathan M. Jaffe (Age 61)
Co-CEO, Co-Pres & Director
Comp: $9.31M
Mr. Richard Beckwitt (Age 62)
Co-CEO, Co-Pres & Director
Comp: $10.54M
Ms. Diane J. Bessette (Age 60)
VP, CFO & Treasurer
Comp: $2.77M
Mr. Mark Sustana Esq. (Age 59)
VP, Gen. Counsel & Sec.
Comp: $1.38M
Mr. Jeffrey J. McCall (Age 50)
Exec. VP
Comp: $2.76M
Mr. Fred B. Rothman
Chief Operating Officer
Ms. Allison L. Bober
Sr. Mang. of Investor Relations
Ms. Kay L. Howard
Chief Marketing & Communications Officer
Tench Tilghman
Pres of Pennsylvania & Delaware Markets

Key Competitors

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Should I Buy Lennar Stock? LEN.B Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Lennar Co.:

Lennar gearing up for active-adult development with 1,800 homes in Lancaster County, indicating growth and expansion in a lucrative market segment.
Strong presence in the homebuilding industry with diversified segments like Homebuilding East, Homebuilding Central, Homebuilding Texas, and Homebuilding West, providing stability and multiple revenue streams.
Offering residential mortgage financing, title insurance, and closing services, providing additional revenue sources and enhancing customer engagement.
Engagement in fund investment activities and commercial mortgage loan securitizations, showcasing financial expertise and potential for increased returns.
Development, construction, and management of multifamily rental properties diversifying revenue streams and tapping into the rental market demand.

Cons

Investors should be bearish about investing in Lennar Co. for these reasons:

Stock price fluctuations in the volatile real estate market, requiring careful monitoring and risk management strategies.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Lennar pros and cons to contact@marketbeat.com.

LEN.B Stock Analysis - Frequently Asked Questions

When is Lennar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 12th 2024.
View our LEN.B earnings forecast.
How were Lennar's earnings last quarter?: Lennar Co. (NYSE:LEN.B) posted its quarterly earnings data on Wednesday, March, 13th. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.37. The construction company had revenue of $7.31 billion for the quarter. Lennar had a net margin of 11.59% and a trailing twelve-month return on equity of 15.90%. During the same quarter last year, the company posted $2.06 earnings per share.
How often does Lennar pay dividends? What is the dividend yield for Lennar?: Lennar declared a quarterly dividend on Wednesday, April 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.50 per share on Wednesday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, April 23rd.
Read our dividend analysis for LEN.B.

Is Lennar a good dividend stock?: Lennar (NYSE:LEN.B) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.41%. The dividend payout ratio is 14.02%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for LEN.B.
What ETFs hold Lennar's stock?: ETFs with the largest weight of Lennar (NYSE:LEN.B) stock in their portfolio include LifeGoal Home Down Payment Investment ETF (HOM) and iShares U.S. Home Construction ETF (ITB).Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL).

This page (NYSE:LEN.B) was last updated on 4/18/2024 by MarketBeat.com Staff

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Lennar (LEN.B) Stock Price, News & Analysis

About Lennar Stock (NYSE:LEN.B)

LEN.B Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Should I Buy Lennar Stock? LEN.B Pros and Cons Explained

Pros

Cons

LEN.B Stock Analysis - Frequently Asked Questions

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