Lennar Corporation (NYSE:LEN.B - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $115.59 and traded as low as $101.06. Lennar shares last traded at $105.53, with a volume of 49,169 shares traded.
Lennar Stock Performance
The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 8.62 and a beta of 1.28. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $103.16 and a 200-day simple moving average of $115.53.
Lennar (NYSE:LEN.B - Get Free Report) last posted its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.06). The company had revenue of $8.38 billion during the quarter. Lennar had a net margin of 9.20% and a return on equity of 12.73%. During the same period in the prior year, the business posted $3.38 earnings per share.
Lennar Dividend Announcement
The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, July 3rd. Lennar's dividend payout ratio is currently 16.54%.
Lennar Company Profile
(
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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.
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