Lennar Corporation (NYSE:LEN.B - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $113.88 and traded as low as $105.31. Lennar shares last traded at $109.79, with a volume of 46,281 shares changing hands.
Lennar Stock Performance
The stock has a fifty day moving average price of $103.96 and a 200-day moving average price of $113.59. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 8.74 and a beta of 1.27. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12.
Lennar (NYSE:LEN.B - Get Free Report) last issued its quarterly 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). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The firm had revenue of $8.38 billion for the quarter. During the same quarter in the previous year, the business earned $3.38 earnings per share.
Lennar Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.89%. Lennar's dividend payout ratio is 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.
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