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lennar corp. - LEN

LEN

Close Chg Chg %
168.71 -0.49 -0.29%

Pre-Market

168.22

-0.49 (0.29%)

Volume: 1.13M

Last Updated:

Nov 20, 2024, 3:59 PM EDT

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Company Overview: lennar corp. - LEN

LEN Key Data

Open

$167.92

 Day Range

167.55 - 169.25

52 Week Range

125.17 - 193.80

 Market Cap

$45.77B

Shares Outstanding

271.24M

 Public Float

233.04M

Beta

1.62

 Rev. Per Employee

N/A

P/E Ratio

11.18

 EPS

$15.10

Yield

118.52%

 Dividend

$0.50

EX-DIVIDEND DATE

Oct 9, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

1.97M

  

LEN Performance

1 Week
 
 -0.06%
 
1 Month
 
 -10.68%
 
3 Months
 
 -8.79%
 
1 Year
 
 32.22%
 
5 Years
 
 187.09%
 

LEN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 21
Full Ratings ➔

About lennar corp. - LEN

Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

LEN At a Glance

Lennar Corp.
5505 Waterford District Drive
Miami, Florida 33126
Phone 1-305-559-4000 Revenue 34.29B
Industry Homebuilding Net Income 3.89B
Sector Consumer Durables 2023 Sales Growth 1.715%
Fiscal Year-end 11 / 2024 Employees 12,284
View SEC Filings

LEN Valuation

P/E Current 11.121
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 9.317
Price to Sales Ratio 1.057
Price to Book Ratio 1.352
Price to Cash Flow Ratio 6.865
Enterprise Value to EBITDA 6.318
Enterprise Value to Sales 1.019
Total Debt to Enterprise Value 0.147

LEN Efficiency

Revenue/Employee 2,791,227.532
Income Per Employee 316,670.059
Receivables Turnover 20.214
Total Asset Turnover 0.888

LEN Liquidity

Current Ratio 4.039
Quick Ratio 1.229
Cash Ratio 0.975

LEN Profitability

Gross Margin 23.992
Operating Margin 15.809
Pretax Margin 15.173
Net Margin 11.345
Return on Assets 10.075
Return on Equity 15.351
Return on Total Capital 12.264
Return on Invested Capital 13.566

LEN Capital Structure

Total Debt to Total Equity 19.331
Total Debt to Total Capital 16.199
Total Debt to Total Assets 13.096
Long-Term Debt to Equity 9.723
Long-Term Debt to Total Capital 8.148
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Lennar Corp. - LEN

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
22.46B 27.14B 33.71B 34.29B
Sales Growth
+0.93% +20.82% +24.20% +1.71%
Cost of Goods Sold (COGS) incl D&A
17.29B 19.80B 24.50B 26.06B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
94.55M 85.95M 87.08M 110.16M
Depreciation
- - - -
-
Amortization of Intangibles
- - - -
-
COGS Growth
-2.53% +14.48% +23.78% +6.35%
Gross Income
5.17B 7.34B 9.20B 8.23B
Gross Income Growth
+14.55% +42.02% +25.33% -10.63%
Gross Profit Margin
+23.02% +27.06% +27.31% +23.99%
2020 2021 2022 2023 5-year trend
SG&A Expense
2.06B 2.25B 2.45B 2.81B
Research & Development
- - - -
-
Other SG&A
2.06B 2.25B 2.45B 2.81B
SGA Growth
+2.40% +9.70% +8.44% +14.74%
Other Operating Expense
- - - -
-
Unusual Expense
266.00K (669.34M) 693.48M 104.23M
EBIT after Unusual Expense
3.12B 5.76B 6.07B 5.32B
Non Operating Income/Expense
30.50M 80.19M (32.46M) (98.66M)
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
(13.94M) (5.17M) 35.59M (144.61M)
Interest Expense
22.40M 20.14M 19.13M 15.43M
Interest Expense Growth
+27.13% -10.08% -5.03% -19.31%
Gross Interest Expense
353.40M 275.04M 230.83M 187.43M
Interest Capitalized
331.00M 254.90M 211.70M 172.00M
Pretax Income
3.12B 5.82B 6.01B 5.20B
Pretax Income Growth
+28.32% +86.28% +3.36% -13.50%
Pretax Margin
+13.91% +21.44% +17.84% +15.17%
Income Tax
656.24M 1.36B 1.37B 1.24B
Income Tax - Current - Domestic
564.15M 1.17B 1.61B 1.31B
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
92.08M 192.09M (246.65M) (67.97M)
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
(13.94M) (5.17M) 35.59M (144.61M)
Other After Tax Income (Expense)
(28.39M) (52.92M) (51.98M) (48.54M)
Consolidated Net Income
2.44B 4.40B 4.60B 3.91B
Minority Interest Expense
2.52M 26.44M 34.38M 22.78M
Net Income
2.44B 4.38B 4.56B 3.89B
Net Income Growth
+32.94% +79.64% +4.23% -14.73%
Net Margin Growth
+10.85% +16.13% +13.53% +11.35%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
2.44B 4.38B 4.56B 3.89B
Preferred Dividends
- - - -
-
Net Income Available to Common
2.44B 4.38B 4.56B 3.89B
EPS (Basic)
7.8752 14.276 15.7411 13.73
EPS (Basic) Growth
+36.81% +81.28% +10.26% -12.78%
Basic Shares Outstanding
309.41M 306.61M 289.82M 283.32M
EPS (Diluted)
7.8462 14.2665 15.7241 13.73
EPS (Diluted) Growth
+36.62% +81.83% +10.22% -12.68%
Diluted Shares Outstanding
309.41M 306.61M 289.82M 283.32M
EBITDA
3.21B 5.18B 6.85B 5.53B
EBITDA Growth
+23.51% +61.21% +32.29% -19.22%
EBITDA Margin
+14.29% +19.07% +20.31% +16.13%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 199.333
Number of Ratings 21 Current Quarters Estimate 4.224
FY Report Date 11 / 2024 Current Year's Estimate 14.417
Last Quarter’s Earnings 4.26 Median PE on CY Estimate N/A
Year Ago Earnings 13.73 Next Fiscal Year Estimate 15.963
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 17 14 18 18
Mean Estimate 4.22 2.55 14.42 15.96
High Estimates 4.50 3.11 14.62 17.09
Low Estimate 4.15 2.07 14.05 15.25
Coefficient of Variance 1.97 11.64 1.12 3.13

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 7 7 8
OVERWEIGHT 1 1 1
HOLD 12 12 10
UNDERWEIGHT 0 0 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

Insider Actions for Lennar Corp. - LEN

Date Name Shares Transaction Value
Jun 4, 2024 Teri Plummer McClure Director 27,647 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 4, 2024 Serena Wolfe Director 1,996 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 4, 2024 Dacona Smith Director 1,926 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 4, 2024 Amy L. Banse Director 12,831 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 23, 2024 Mark Sustana VP/General Counsel/Secretary 16,768 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $164.88 per share 2,764,707.84
May 17, 2024 Jeffrey J. McCall Executive Vice President 118,629 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $170.11 per share 20,179,979.19
Apr 12, 2024 Armando J. Olivera Director 18,329 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Sherrill Wayne Hudson Director 34,712 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Theron I. Gilliam Director 33,242 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Jeffrey A. Sonnenfeld Director 41,189 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Amy L. Banse Director 12,722 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Sidney L. Lapidus Director 122,671 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 16, 2024 Jeffrey J. McCall Executive Vice President 140,115 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $153.87 per share 21,559,495.05
Feb 16, 2024 Jeffrey J. McCall Executive Vice President 138,778 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $153.87 per share 21,353,770.86
Feb 16, 2024 David M. Collins VP & Controller 42,166 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $153.87 per share 6,488,082.42
Feb 16, 2024 David M. Collins VP & Controller 40,925 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $153.87 per share 6,297,129.75
Feb 16, 2024 David M. Collins VP & Controller 39,636 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $153.87 per share 6,098,791.32

Lennar Corp. in the News