Lennar (NYSE:LEN.B) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Lennar (NYSE:LEN.B - Get Free Report) issued its quarterly earnings results on Monday. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.06), RTT News reports. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The company had revenue of $8.38 billion during the quarter. During the same quarter in the previous year, the business earned $3.38 EPS.

Lennar Price Performance

Shares of LEN.B traded down $1.58 during mid-day trading on Thursday, hitting $99.22. The company's stock had a trading volume of 43,267 shares, compared to its average volume of 55,189. The company has a current ratio of 3.65, a quick ratio of 0.68 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $102.91 and a 200 day simple moving average of $117.39. The firm has a market capitalization of $26.17 billion, a P/E ratio of 8.21 and a beta of 1.28. Lennar has a 1-year low of $94.09 and a 1-year high of $177.00.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, April 23rd. Lennar's dividend payout ratio is presently 14.57%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.