Hovnanian Enterprises (HOV) Set to Announce Quarterly Earnings on Wednesday
Hovnanian Enterprises (NYSE:HOV) is scheduled to be issuing its Q214 quarterly earnings data on Wednesday, June 4th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $476.72 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Hovnanian Enterprises (NYSE:HOV) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.13. The company had revenue of $364.00 million for the quarter, compared to the consensus estimate of $401.52 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts expect Hovnanian Enterprises to post $0.24 EPS for the current fiscal year and $0.49 EPS for the next fiscal year.
Shares of Hovnanian Enterprises (NYSE:HOV) opened at 4.63 on Tuesday. Hovnanian Enterprises has a 52-week low of $4.36 and a 52-week high of $6.80. The stock has a 50-day moving average of $4.53 and a 200-day moving average of $5.2. The company has a market cap of $675.0 million and a price-to-earnings ratio of 38.13.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. On the ratings front, analysts at Zacks downgraded shares of Hovnanian Enterprises from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 19th. They now have a $4.70 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Hovnanian Enterprises to $4.75 in a research note on Thursday, March 13th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.74.
Hovnanian Enterprises, Inc (NYSE:HOV) designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise condominiums, urban infill and active adult homes in planned residential developments.
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