Lennar (NYSE:LEN.B) Announces Earnings Results

Lennar (NYSE:LEN.B) posted its quarterly earnings results on Thursday. The construction company reported $0.88 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $6.62 billion for the quarter. Lennar had a net margin of 5.39% and a return on equity of 7.76%.

Lennar Stock Down 4.6%

LEN.B stock opened at $89.60 on Friday. Lennar has a twelve month low of $90.88 and a twelve month high of $137.39. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18. The company has a market cap of $22.13 billion, a PE ratio of 12.87 and a beta of 1.36. The business’s 50-day simple moving average is $104.50 and its 200 day simple moving average is $112.40.

Lennar Company Profile

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.