Lennar (NYSE:LEN.B) Issues Earnings Results

Lennar (NYSE:LEN.B) released its quarterly earnings results on Tuesday. The construction company reported $2.03 earnings per share (EPS) for the quarter, Zacks reports. Lennar had a return on equity of 11.09% and a net margin of 7.72%.

Lennar Stock Down 2.3%

Shares of LEN.B stock traded down $2.54 during trading on Tuesday, reaching $110.21. The company’s stock had a trading volume of 65,997 shares, compared to its average volume of 56,872. Lennar has a one year low of $94.09 and a one year high of $146.93. The business has a fifty day moving average price of $116.03 and a 200-day moving average price of $115.53. The company has a market cap of $28.11 billion, a price-to-earnings ratio of 10.89 and a beta of 1.30. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, October 10th. Lennar’s payout ratio is currently 16.54%.

Lennar Company Profile

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.