Hovnanian Enterprises (HOV) Earning Favorable News Coverage, Study Shows
Media coverage about Hovnanian Enterprises (NYSE:HOV) has trended positive recently, according to AlphaOne. The research group, a service of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hovnanian Enterprises earned a coverage optimism score of 0.34 on AlphaOne’s scale. AlphaOne also assigned press coverage about the construction company an impact score of 66 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Alpha One Sentiment’s scoring:
- Real Estate Market Sees Increase in Sales Volume (fixedincome.fidelity.com)
- Two new home designs to be introduced at K. Hovnanian’s Four Seasons (gmnews.com)
- Land Transfers for April 24–30, 2017 (fauquier.com)
- Zulla Road home, 13 acres sell for $1.12 million (fauquiernow.com)
- Hovnanian Enterprises (HOV) Earns Media Sentiment Rating of 0.10 (americanbankingnews.com)
Several equities analysts have recently weighed in on HOV shares. Zacks Investment Research lowered shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. JMP Securities lowered shares of Hovnanian Enterprises from a “market perform” rating to an “underperform” rating and set a $1.60 target price for the company. in a report on Thursday, January 12th.
Hovnanian Enterprises (NYSE:HOV) traded down 0.88% during trading on Wednesday, hitting $2.25. 846,210 shares of the stock traded hands. The firm’s 50-day moving average is $2.28 and its 200-day moving average is $2.23. The stock has a market cap of $331.56 million, a P/E ratio of 25.28 and a beta of 2.02. Hovnanian Enterprises has a 12 month low of $1.51 and a 12 month high of $2.96.
Hovnanian Enterprises (NYSE:HOV) last released its earnings results on Wednesday, March 8th. The construction company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). Hovnanian Enterprises had a negative return on equity of 8.96% and a negative net margin of 0.10%. The company earned $552 million during the quarter, compared to the consensus estimate of $524.33 million. During the same quarter last year, the company earned ($0.11) earnings per share. Hovnanian Enterprises’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts forecast that Hovnanian Enterprises will post $0.11 EPS for the current year.
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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.
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