Lennar (NYSE:LEN – Get Free Report) updated its fourth quarter earnings guidance on Friday. The company provided EPS guidance of $4.10-4.25 for the period, compared to the consensus EPS estimate of $4.66.
Lennar Stock Down 4.1 %
NYSE LEN traded down $7.90 during trading on Friday, hitting $184.55. 2,339,381 shares of the company traded hands, compared to its average volume of 2,066,183. Lennar has a 12 month low of $102.90 and a 12 month high of $193.80. The business has a fifty day simple moving average of $176.08 and a 200 day simple moving average of $163.80. The company has a market capitalization of $50.68 billion, a P/E ratio of 12.48, a PEG ratio of 1.61 and a beta of 1.61. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.
Lennar (NYSE:LEN – Get Free Report) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The firm had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter last year, the firm posted $3.91 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Lennar will post 14.16 EPS for the current year.
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About Lennar
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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