Lennar (NYSE:LEN.B) Reaches New 1-Year Low – What’s Next?

Lennar Corporation (NYSE:LEN.B) shares hit a new 52-week low during trading on Thursday . The company traded as low as $74.87 and last traded at $77.0970, with a volume of 15462 shares. The stock had previously closed at $76.83.

Lennar Stock Performance

The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 12.14 and a beta of 1.32. The firm has a fifty day moving average of $82.78 and a 200 day moving average of $86.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91.

Lennar (NYSE:LEN.B) last released its quarterly earnings data on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter. The business had revenue of $8.05 billion for the quarter. Lennar had a return on equity of 7.08% and a net margin of 4.93%.

About Lennar

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.