Lennar Corporation (NYSE:LEN.B - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $112.63 and traded as low as $104.96. Lennar shares last traded at $110.50, with a volume of 37,998 shares.
Lennar Price Performance
The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $104.34 and a 200 day moving average price of $112.63. The stock has a market capitalization of $29.28 billion, a price-to-earnings ratio of 9.18 and a beta of 1.27.
Lennar (NYSE:LEN.B - Get Free Report) last announced its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.06). The business had revenue of $8.38 billion for the quarter. Lennar had a return on equity of 12.73% and a net margin of 9.20%. During the same quarter in the previous year, the business posted $3.38 earnings per share.
Lennar Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. Lennar's dividend payout ratio is currently 16.54%.
About Lennar
(
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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.
Further Reading
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