Hovnanian Enterprises (HOV) Announces Quarterly Results
Hovnanian Enterprises (NYSE:HOV) released its earnings data on Thursday. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.02, Analyst Ratings Net reports. The company had revenue of $551.00 million for the quarter, compared to the consensus estimate of $559.47 million.
Shares of Hovnanian Enterprises (NYSE:HOV) opened at 4.20 on Thursday. Hovnanian Enterprises has a one year low of $3.75 and a one year high of $6.80. The stock has a 50-day moving average of $4.18 and a 200-day moving average of $4.64. The company has a market cap of $612.3 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. Analysts at Sidoti downgraded shares of Hovnanian Enterprises from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and an average 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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