Lennar (NYSE:LEN.B) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Lennar (NYSE:LEN.B) issued its quarterly earnings data on Monday. The construction company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.06), RTT News reports. Lennar had a net margin of 11.10% and a return on equity of 13.93%.

Lennar Stock Performance

Lennar stock traded up $0.92 during mid-day trading on Monday, reaching $104.91. 41,018 shares of the stock traded hands, compared to its average volume of 55,239. Lennar has a 12-month low of $94.09 and a 12-month high of $177.00. The business’s 50-day moving average is $102.88 and its 200-day moving average is $118.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a market capitalization of $27.68 billion, a PE ratio of 7.32 and a beta of 1.28.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. Lennar’s dividend payout ratio (DPR) is currently 14.57%.

Lennar Company Profile

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.