Lennar (NYSE:LEN.B) Posts Earnings Results

Lennar (NYSE:LEN.B) released its quarterly earnings data on Thursday. The construction company reported $1.31 EPS for the quarter, Zacks reports. Lennar had a net margin of 5.39% and a return on equity of 7.80%.

Lennar Price Performance

Shares of NYSE:LEN.B traded up $5.16 during midday trading on Thursday, reaching $92.99. 53,242 shares of the company’s stock were exchanged, compared to its average volume of 70,811. The company’s 50 day simple moving average is $86.99 and its two-hundred day simple moving average is $98.09. The firm has a market capitalization of $22.97 billion, a PE ratio of 13.36 and a beta of 1.32. Lennar has a 12 month low of $79.50 and a 12 month high of $137.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77.

Lennar Company Profile

Lennar is a U.S.-based residential real estate company primarily engaged in the design, construction and sale of new homes. The company builds a range of housing products that typically include single-family detached homes, attached homes and planned community residences aimed at first-time buyers, move-up buyers and active-adult purchasers. Lennar’s operations span many metropolitan and regional housing markets across the United States, and the company is known for a high-volume, production-oriented homebuilding model.

In addition to core homebuilding, Lennar provides a suite of complementary services intended to simplify the homebuying process.