Hovnanian Enterprises (HOV) Set to Announce Earnings on Thursday
Hovnanian Enterprises (NYSE:HOV) will be posting its Q314 quarterly earnings results on Thursday, September 4th. Analysts expect Hovnanian Enterprises to post earnings of $0.09 per share and revenue of $559.47 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Hovnanian Enterprises (NYSE:HOV) opened at 4.30 on Wednesday. Hovnanian Enterprises has a 1-year low of $3.75 and a 1-year high of $6.80. The stock has a 50-day moving average of $4.20 and a 200-day moving average of $4.6. The company has a market cap of $626.9 million and a P/E ratio of 70.00.
A number of research firms have recently commented on HOV. Analysts at Zacks upgraded shares of Hovnanian Enterprises from an “underperform” rating to a “neutral” rating in a research note on Monday, August 25th. They now have a $4.40 price target on the stock. On the ratings front, analysts at Sidoti downgraded shares of Hovnanian Enterprises from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. Finally, analysts at JMP Securities cut their price target on shares of Hovnanian Enterprises from $4.50 to $4.00 in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.61.
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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