Hovnanian Enterprises (HOV) to Release Quarterly Earnings on Wednesday

Hovnanian Enterprises (NYSE:HOV) will be announcing its earnings results before the market opens on Wednesday, December 6th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.

Hovnanian Enterprises (NYSE:HOV) last issued its quarterly earnings data on Thursday, September 7th. The construction company reported ($2.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($2.27). The business had revenue of $592.00 million during the quarter, compared to analyst estimates of $584.50 million. Hovnanian Enterprises had a negative net margin of 12.69% and a negative return on equity of 7.10%. Hovnanian Enterprises’s revenue for the quarter was down 17.4% on a year-over-year basis.

Shares of Hovnanian Enterprises (HOV) opened at $2.82 on Monday. The company has a market cap of $416.21, a PE ratio of 18.80 and a beta of 1.97. The company has a quick ratio of 0.24, a current ratio of 0.82 and a debt-to-equity ratio of -0.30. Hovnanian Enterprises has a 12 month low of $1.66 and a 12 month high of $2.98.

A number of research analysts have issued reports on HOV shares. MKM Partners restated a “neutral” rating on shares of Hovnanian Enterprises in a report on Tuesday, September 5th. TheStreet lowered shares of Hovnanian Enterprises from a “c-” rating to a “d” rating in a report on Thursday, September 7th.

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Hovnanian Enterprises Company Profile

Hovnanian Enterprises, Inc is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services.

Earnings History for Hovnanian Enterprises (NYSE:HOV)

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