Lennar (NYSE:LEN.B) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Lennar Corporation's share price surpassed its 200-day moving average of $109.83, reaching a high of $137.16 during trading.
• In its recent quarterly earnings, Lennar reported $1.90 earnings per share, falling short of analysts' estimates of $1.96.
• Lennar announced a quarterly dividend of $0.50 per share, translating to a 1.5% annualized yield with a low payout ratio of 16.54%.

Shares of Lennar Corporation (NYSE:LEN.B - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $109.83 and traded as high as $137.16. Lennar shares last traded at $135.78, with a volume of 40,432 shares trading hands.

Lennar Price Performance

The business's 50-day simple moving average is $116.11 and its 200-day simple moving average is $109.83. The stock has a market cap of $35.17 billion, a PE ratio of 11.23 and a beta of 1.24. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN.B - Get Free Report) last released its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.96 by ($0.06). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The firm had revenue of $8.38 billion during the quarter. During the same quarter last year, the firm earned $3.38 EPS.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were given a $0.50 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. Lennar's payout ratio is presently 16.54%.

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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