LEN · NYQ S&P 500

Lennar Corporation

Consumer cyclical · Residential Construction

$86.66 −$4.92 (−5.37%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 21 analysts

Sell

Median price target $73.00 −15.8%

Open: $89.94
Day range: 86.61 – $90.14
52-week range: 71.78 – $133.76
Volume: 3,353,512
Market cap: $20,616M
P/E (TTM): 16.4x
EPS (TTM): $5.28
EPS est. FY 2026: $4.94
P/E est. FY 2026: 17.6x
Dividend yield: 2.3%
Beta: 1.38
Payout: 38%

Lennar financials

Q3 2026 results, quarter ended Aug 31, 2026

Metric	Q3 2026	1-year change
Total revenue	$8,046M	−8.7%
Net income	$284M	−52.0%
Earnings per share	$1.19	−48.0%
Net margin	3.5%	−3.2 pp
Free cash flow	−$96M	n/s
Debt / equity	0.27	+14.3%

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$8,810M	$591M
Q4 2025	$9,368M	$490M
Q1 2026	$6,619M	$229M
Q2 2026	$7,940M	$305M
Q3 2026	$8,046M	$284M

Lennar earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 11	$1.4381.37 – 1.55	−29.2%$2.030
Next quarterQ1 2027 · Analysts: 7	$0.6510.44 – 0.84	−26.0%$0.880
Current yearFY 2026 · Analysts: 10	$4.9364.75 – 5.39	−38.8%$8.060
Next yearFY 2027 · Analysts: 12	$5.2223.95 – 6.98	+5.8%$4.936

Forward P/E: 17.6x (FY 2026) and 16.6x (FY 2027) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$2.290	—
Q4 2025	$2.030	$2.179
Q1 2026	$0.880	$0.949
Q2 2026	$1.310	$1.234
Q3 2026	$1.230	$1.288
Q4 2026	—	$1.438
Q1 2027	—	$0.651

Year	Actual EPS	Estimated EPS
FY 2022	$15.720	—
FY 2023	$13.730	—
FY 2024	$14.310	—
FY 2025	$7.980	—
FY 2026	—	$4.936
FY 2027	—	$5.222

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$0.651	−26.0%
Q4 2026Estimated	$1.438	−29.1%
Q3 2026	$1.230est. $1.288 · surprise −4.5%	−46.3%
Q2 2026	$1.310est. $1.234 · surprise +6.2%	n/a
Q1 2026	$0.880est. $0.949 · surprise −7.2%	n/a
Q4 2025	$2.030est. $2.179 · surprise −6.8%	n/a
Q3 2025	$2.290	n/a

Year	EPS	Annual change
FY 2027Estimated	$5.222	+5.8%
FY 2026Estimated	$4.936	−38.1%
FY 2025	$7.980	−44.2%
FY 2024	$14.310	+4.2%
FY 2023	$13.730	−12.7%
FY 2022	$15.720	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Lennar dividend

Yield and payments

Dividend yield (TTM)	2.3%
Forward yield (next 12m)	2.3%
Dividend per share (TTM)	$2.00
Forward dividend (next 12m)	$2.00
Payout (TTM)	38%
Last dividend	$0.50Oct 7, 2026
Next ex-dividend date	n/a

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$0.155
2020	$0.605
2021	$0.968
2022	$1.45
2023	$1.45
2024	$1.94
2025	$2.00
est. 12m	$2.00

Lennar forecasts

21 analyst ratings

Buy10% Hold43% Sell48%

Consensus: Sell · 2 buy, 9 hold, 10 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$120.00	+38.5%
Median	$73.00	−15.8%
Low	$58.00	−33.1%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$131.30
Dec 31, 2025	$102.80
Jan 30, 2026	$109.35
Feb 27, 2026	$114.36
Mar 31, 2026	$86.84
Apr 30, 2026	$90.30
May 29, 2026	$89.78
Jun 30, 2026	$90.49
Jul 31, 2026	$82.35
Aug 31, 2026	$84.11
Sep 30, 2026	$81.59
Oct 30, 2026	$86.94
Nov 10, 2026	$86.66

Lennar peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
LEN	Lennar	20,616	16.4x	86.66	−5.37%	71.78133.76
DHI	D. R. Horton	40,634	14.8x	149.70	−3.80%	130.40170.79
PHM	PulteGroup	24,878	14.0x	130.60	−3.89%	107.16144.50
NVR	NVR	15,971	16.7x	6,036.42	−4.76%	5,501.018,200.00
AMZN	Amazon	2,928,955	21.9x	270.87	+1.48%	196.00287.20
TSLA	Tesla	1,501,178	417.3x	379.78	+0.46%	297.38498.83