Lennar (NYSE:LEN.B – Get Free Report) posted its earnings results on Wednesday. The construction company reported $1.23 earnings per share for the quarter, Zacks reports. Lennar had a net margin of 4.09% and a return on equity of 6.13%. The firm had revenue of $8.05 billion during the quarter.
Lennar Trading Up 1.8%
Shares of NYSE LEN.B opened at $78.25 on Friday. Lennar has a twelve month low of $74.87 and a twelve month high of $127.90. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $82.69 and a 200-day simple moving average of $86.15. The stock has a market capitalization of $18.85 billion, a PE ratio of 14.79 and a beta of 1.32.
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.
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