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

Lennar (NYSE:LEN.B) announced its quarterly earnings results on Monday. The construction company reported $1.90 EPS 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%. During the same quarter in the prior year, the business posted $3.38 EPS.

Lennar Price Performance

Shares of Lennar stock opened at $104.91 on Tuesday. The firm has a market capitalization of $27.68 billion, a PE ratio of 7.32 and a beta of 1.28. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar has a 12 month low of $94.09 and a 12 month high of $177.00. The business’s 50-day moving average price is $103.03 and its 200-day moving average price is $117.63.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, April 23rd. Lennar’s dividend payout ratio 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.