Lennar (NYSE:LEN.B) Issues Earnings Results

Lennar (NYSE:LEN.B) released its earnings results on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.19), RTT News reports. Lennar had a net margin of 6.41% and a return on equity of 12.00%. During the same quarter last year, the firm earned $1.34 EPS.

Shares of Lennar (LEN.B) traded down $2.58 during mid-day trading on Friday, hitting $47.94. 226,267 shares of the stock were exchanged, compared to its average volume of 114,087. Lennar has a 52 week low of $34.41 and a 52 week high of $58.65. The firm has a market cap of $13,970.00, a PE ratio of 14.31 and a beta of 1.25. The company has a current ratio of 8.42, a quick ratio of 1.67 and a debt-to-equity ratio of 0.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 26th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Thursday, January 25th. Lennar’s dividend payout ratio is 4.78%.

Separately, ValuEngine upgraded shares of Lennar from a “hold” rating to a “buy” rating in a research note on Friday.

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Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Earnings History for Lennar (NYSE:LEN.B)

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