Lennar (NYSE:LEN) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.25-1.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53.
Shares of NYSE LEN opened at $48.22 on Wednesday. The stock’s 50-day moving average is $51.99. The firm has a market cap of $16.61 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.27. The company has a current ratio of 14.77, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. Lennar has a 12-month low of $37.29 and a 12-month high of $55.77.
Lennar (NYSE:LEN) last issued its quarterly earnings results on Tuesday, June 25th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.17. Lennar had a net margin of 8.39% and a return on equity of 13.04%. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts predict that Lennar will post 5.42 earnings per share for the current year.
In related news, President Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $48.94, for a total transaction of $978,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.43% of the stock is currently owned by corporate insiders.
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, Lennar Financial Services, Lennar Multifamily, and Rialto 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.
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