Shares of Lennar Corporation (NYSE: LEN.B) exhibited significant trading activity on Friday, with a total of 29,805 shares exchanged during mid-day trading. This figure reflects a 9% decrease compared to the previous session’s volume of 32,720 shares. The stock was last priced at $119.6260, down from its prior closing value of $125.48.
In a slight uptick, Lennar’s stock increased by 0.1% during the day. Financial indicators for the company include a quick ratio of 0.68, a current ratio of 4.49, and a debt-to-equity ratio of 0.15. With a market capitalization of $30.41 billion, Lennar reports a price-to-earnings ratio of 11.79 and a beta of 1.30. The company’s 50-day moving average stands at $117.09, while the two-hundred day moving average is $114.79.
Recent Earnings Report
Lennar announced its most recent quarterly earnings on September 18, 2023, revealing an earnings per share (EPS) of $2.00 for the quarter. The company reported a return on equity of 11.09% and a net margin of 7.72%. Revenue for the quarter amounted to $8.81 billion, underscoring the company’s robust performance in the homebuilding sector.
Founded in 1954, Lennar operates primarily as a homebuilder under its brand across the United States. The company’s operations are divided into several segments, including Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and other areas. Lennar’s homebuilding activities encompass the construction and sale of both single-family attached and detached homes, along with the purchase, development, and sale of residential land.
As part of its ongoing commitment to shareholders, Lennar is expected to announce a dividend in the near future, reflecting its financial health and profitability in the current market landscape.
Investors and analysts remain keenly interested in the company’s performance, considering its significant role within the homebuilding industry and the broader economic implications of its operations.
