Lennar (NYSE:LEN – Get Free Report) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $4.10-4.25 for the period, compared to the consensus estimate of $4.66.
Lennar Stock Performance
Shares of LEN stock traded down $7.90 during midday trading on Friday, hitting $184.55. The company had a trading volume of 2,339,381 shares, compared to its average volume of 2,066,183. The company’s 50 day simple moving average is $176.08 and its 200 day simple moving average is $163.80. Lennar has a 52-week low of $102.90 and a 52-week high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The stock has a market cap of $50.68 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.61 and a beta of 1.61.
Lennar (NYSE:LEN – Get Free Report) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same period in the previous year, the firm earned $3.91 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Lennar will post 14.16 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on LEN
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; and development, construction, and management of multifamily rental properties.
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