Lennar Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Lennar Corporation LEN will release earnings results for its second quarter, after the closing bell on Monday.

Analysts expect the Miami, Florida-based company to report a quarterly earnings at $3.24 per share, up from $3.01 per share in the year-ago period. Lennar is projected to post quarterly revenue of $8.52 billion, compared to $8.05 billion a year earlier, according to data from Benzinga Pro.

On April 10, Lennar declared a quarterly cash dividend of 50 cents per share for both Class A and Class B common stock.

Lennar shares rose 0.1% to close at $155.04 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Jay McCanless reiterated an Underperform rating with a price target of $144 on June 7. This analyst has an accuracy rate of 83%.
• Citigroup analyst Anthony Pettinari maintained a Buy rating and boosted the price target from $179 to $198 on April 5. This analyst has an accuracy rate of 81%.
• Keefe, Bruyette & Woods analyst Jade Rahmani maintained an Outperform rating and increased the price target from $175 to $183 on March 20. This analyst has an accuracy rate of 72%.
• JP Morgan analyst Michael Rehaut maintained a Neutral rating and cut the price target from $161 to $157 on March 18. This analyst has an accuracy rate of 73%.
• UBS analyst John Lovallao maintained a Buy rating and increased the price target from $190 to $198 on March 15. This analyst has an accuracy rate of 73%.

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