Lennar (NYSE:LEN.B – Get Free Report) announced its earnings results on Thursday. The construction company reported $1.31 earnings per share (EPS) for the quarter, Zacks reports. Lennar had a return on equity of 7.80% and a net margin of 5.39%.
Lennar Stock Up 5.9%
Shares of NYSE LEN.B opened at $92.99 on Friday. The stock has a market cap of $22.97 billion, a PE ratio of 13.36 and a beta of 1.32. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. Lennar has a 52-week low of $79.50 and a 52-week high of $137.39. The business has a 50-day moving average price of $87.17 and a 200 day moving average price of $97.93.
About Lennar
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.
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