Lennar (NYSE:LEN.B) Announces Earnings Results

Lennar (NYSE:LEN.B) released its quarterly earnings data on Wednesday. The construction company reported $1.19 earnings per share (EPS) for the quarter, Zacks reports. Lennar had a net margin of 4.93% and a return on equity of 7.08%.

Lennar Price Performance

Shares of LEN.B traded down $1.60 during trading hours on Wednesday, reaching $76.97. The stock had a trading volume of 111,774 shares, compared to its average volume of 73,761. Lennar has a 12 month low of $75.18 and a 12 month high of $132.80. The stock has a market capitalization of $18.54 billion, a PE ratio of 12.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91. The company’s 50-day moving average is $82.87 and its two-hundred day moving average is $86.56.

Lennar Company Profile

Lennar Corporation is a homebuilder that designs, constructs, sells and arranges financing for single-family homes. Its residential offerings include entry-level, move-up, active-adult and luxury homes, as well as homes built for rental communities. Lennar also develops the land and infrastructure needed for many of its communities and offers related services to homebuyers.

The company operates through homebuilding divisions serving numerous markets across the United States. Its complementary businesses include mortgage financing, title and closing services, and insurance-related products, which support customers throughout the home-purchase process.