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

Key Points

• Lennar reported earnings of $2.00 per share for the recent quarter, with a net margin of 9.20% and return on equity of 12.73%.
• The stock price of Lennar (NYSE:LEN.B) fell $0.15 to $126.58 during trading hours, with a current market capitalization of approximately $32.79 billion.
• Lennar operates primarily as a homebuilder in the United States, focusing on the construction and sale of single-family homes and residential land development.

Lennar (NYSE:LEN.B - Get Free Report) released its quarterly earnings results on Thursday. The construction company reported $2.00 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $8.81 billion during the quarter. Lennar had a return on equity of 10.89% and a net margin of 7.72%.

Lennar Stock Performance

LEN.B traded down $4.67 during trading on Friday, hitting $121.39. The stock had a trading volume of 174,201 shares, compared to its average volume of 35,857. The company has a 50 day moving average price of $120.49 and a 200-day moving average price of $110.74. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of 12.00 and a beta of 1.24. 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 0.12, a current ratio of 3.65 and a quick ratio of 0.49.

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.