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

Lennar (NYSE:LEN.B - Get Free Report) issued its quarterly earnings data on Monday. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.96 by ($0.06), RTT News reports. Lennar had a net margin of 11.10% and a return on equity of 13.93%.

Lennar Stock Up 0.9%

LEN.B stock traded up $0.92 on Monday, reaching $104.91. 41,018 shares of the company traded hands, compared to its average volume of 55,239. The firm has a fifty day simple moving average of $102.88 and a 200-day simple moving average of $118.06. The company has a market cap of $27.68 billion, a P/E ratio of 7.32 and a beta of 1.28. Lennar has a one year low of $94.09 and a one year high of $177.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. Lennar's payout ratio is 14.57%.

About Lennar

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.

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