Lennar (NYSE:LEN.B) Issues Quarterly Earnings Results

Lennar (NYSE:LEN.B) released its earnings results on Wednesday. The construction company reported $1.19 earnings per share for the quarter, Zacks reports. Lennar had a return on equity of 7.08% and a net margin of 4.93%.

Lennar Price Performance

LEN.B stock traded down $1.60 during mid-day trading on Wednesday, hitting $76.97. The stock had a trading volume of 111,774 shares, compared to its average volume of 73,761. The firm has a fifty day simple moving average of $82.87 and a 200 day simple moving average of $86.56. Lennar has a 52 week low of $75.18 and a 52 week high of $132.80. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $18.54 billion, a P/E ratio of 12.05 and a beta of 1.32.

About Lennar

Lennar Corporation is a homebuilder that designs, constructs, sells and arranges financing for single-family homes. Its residential offerings include entry-level, move-up, active-adult and luxury homes, as well as homes built for rental communities. Lennar also develops the land and infrastructure needed for many of its communities and offers related services to homebuyers.

The company operates through homebuilding divisions serving numerous markets across the United States. Its complementary businesses include mortgage financing, title and closing services, and insurance-related products, which support customers throughout the home-purchase process.