Lennar (NYSE:LEN.B – Get Free Report) issued its earnings results on Thursday. The construction company reported $1.31 earnings per share for the quarter, Zacks reports. Lennar had a return on equity of 7.80% and a net margin of 5.39%.
Lennar Stock Up 5.9%
Shares of NYSE LEN.B traded up $5.16 during mid-day trading on Thursday, reaching $92.99. 53,242 shares of the company traded hands, compared to its average volume of 70,811. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77. The stock has a market cap of $22.97 billion, a PE ratio of 13.36 and a beta of 1.32. The company’s fifty day moving average is $86.99 and its two-hundred day moving average is $98.09. Lennar has a fifty-two week low of $79.50 and a fifty-two week high of $137.39.
About Lennar
Lennar is a U.S.-based residential real estate company primarily engaged in the design, construction and sale of new homes. The company builds a range of housing products that typically include single-family detached homes, attached homes and planned community residences aimed at first-time buyers, move-up buyers and active-adult purchasers. Lennar’s operations span many metropolitan and regional housing markets across the United States, and the company is known for a high-volume, production-oriented homebuilding model.
In addition to core homebuilding, Lennar provides a suite of complementary services intended to simplify the homebuying process.
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