Lennar (NYSE:LEN.B) Shares Gap Up – What’s Next?

Lennar Corporation (NYSE:LEN.B)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $90.15, but opened at $95.06. Lennar shares last traded at $94.4110, with a volume of 2,392 shares.

Lennar Price Performance

The company has a market capitalization of $22.72 billion, a price-to-earnings ratio of 13.21 and a beta of 1.38. The company’s 50 day simple moving average is $94.32 and its 200-day simple moving average is $104.70. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN.B) last released its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The company had revenue of $6.62 billion for the quarter.

About Lennar

Lennar is a U.S.-based residential real estate company primarily engaged in the design, construction and sale of new homes. The company builds a range of housing products that typically include single-family detached homes, attached homes and planned community residences aimed at first-time buyers, move-up buyers and active-adult purchasers. Lennar’s operations span many metropolitan and regional housing markets across the United States, and the company is known for a high-volume, production-oriented homebuilding model.

In addition to core homebuilding, Lennar provides a suite of complementary services intended to simplify the homebuying process.