Lennar (NYSE:LEN.B – Get Free Report) posted its quarterly earnings results on Wednesday. The construction company reported $1.23 earnings per share for the quarter, Zacks reports. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The company had revenue of $8.05 billion during the quarter.
Lennar Trading Down 0.5%
Shares of LEN.B stock opened at $76.41 on Thursday. The company has a 50 day moving average of $82.78 and a 200-day moving average of $86.36. The company has a quick ratio of 0.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.19. Lennar has a 12-month low of $75.18 and a 12-month high of $127.90. The firm has a market cap of $18.41 billion, a P/E ratio of 11.96 and a beta of 1.32.
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.
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