Lennar (NYSE:LEN – Get Free Report) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share guidance of $4.10-4.25 for the period, compared to the consensus earnings per share estimate of $4.66.
Lennar Trading Down 4.3 %
NYSE LEN traded down $8.23 during trading hours on Friday, hitting $184.22. 2,490,997 shares of the company were exchanged, compared to its average volume of 2,066,690. Lennar has a 52 week low of $102.90 and a 52 week high of $193.80. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $176.08 and a 200 day moving average price of $163.80. The stock has a market cap of $50.59 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61.
Lennar (NYSE:LEN – Get Free Report) last released its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. Lennar’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.91 EPS. Analysts forecast that Lennar will post 14.16 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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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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