Lennar (NYSE:LEN.B) Posts Quarterly Earnings Results

Lennar (NYSE:LEN.B) issued its quarterly earnings data on Wednesday. The construction company reported $1.19 earnings per share (EPS) for the quarter, Zacks reports. Lennar had a net margin of 4.93% and a return on equity of 7.08%.

Lennar Stock Down 2.0%

LEN.B traded down $1.60 during trading on Wednesday, hitting $76.97. The company had a trading volume of 112,062 shares, compared to its average volume of 73,761. The company has a market capitalization of $18.54 billion, a PE ratio of 12.05 and a beta of 1.32. 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 one year low of $75.18 and a one year high of $132.80. The firm’s 50-day moving average price is $82.87 and its 200 day moving average price is $86.56.

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.