Lennar Corporation (NYSE:LEN)
About Lennar Corporation (NYSE:LEN) Lennar Corporation is a homebuilder and a provider of financial services. The home building operations include the construction and sale of single-family attached and detached homes, multi-level residential buildings, as well as the purchase and sale of residential land directly, and through unconsolidated entities in which the Company have investments. The Company’s homebuilding activities operate in four business segments: Homebuilding East, Homebuilding Central, Homebuilding West and Homebuilding Houston. The Company’s financial services segment provides mortgage financing, title insurance and closed services for both buyers of the Company’s homes and others. The financial services segment operates in the same states as the homebuilding operations, as well as in other states. The Company’s subsidiaries include Universal American Mortgage Company, LLC and Eagle Home Mortgage, LLC.
52 week range
$11.93 - $21.79
Financials Lennar Corporation (NYSE:LEN) produced current quarter total revenue of $860.12million that is noticeably greater than last quarter’s closing of $2.21 billion. Operating and net income have also gone down significantly which resulted decreasein EPSfor the current quarter. The company’s cash flow from operations (CFO)has increased to $189.09million from last quarter’s ending cash flow of $274.67million. This shows company is not producing more cash than its expenses through its core businessunits which is a good sign for the investors. Total assets of company mount up to 8.27 billion as of August 31, 2010 that is 0.38%greater than last quarter’s ending but it has managed to maintain the Current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds would be available to invest in future profitable opportunities.
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Published on Jan 13, 2011
About Lennar Corporation (NYSE:LEN) Lennar Corporation (NYSE:LEN) Current Price $20.46 Market Capitalization: 3.78B The company’s cash flow...