Lennar (NYSE:LEN.B) Announces Earnings Results

by · The Cerbat Gem

Lennar (NYSE:LEN.B – Get Free Report) released its quarterly earnings data on Tuesday. The construction company reported $2.03 earnings per share (EPS) for the quarter, Zacks reports. Lennar had a return on equity of 11.09% and a net margin of 7.72%.

Lennar Stock Performance

Shares of LEN.B stock traded down $2.54 during midday trading on Tuesday, hitting $110.21. 65,997 shares of the company were exchanged, compared to its average volume of 56,872. Lennar has a 52 week low of $94.09 and a 52 week high of $146.93. The firm has a market capitalization of $28.11 billion, a P/E ratio of 10.89 and a beta of 1.30. The firm’s 50 day moving average price is $116.03 and its two-hundred day moving average price is $115.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, October 10th. Lennar’s dividend payout ratio (DPR) is currently 16.54%.

Lennar Company Profile

(Get Free Report)

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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