Hovnanian Enterprises, Inc. PFD DEP1/1000A (HOVNP) Projected to Post Quarterly Earnings on Wednesday

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) is expected to be releasing its results before the market opens on Wednesday, February 25th. Analysts expect Hovnanian Enterprises, Inc. PFD DEP1/1000A to post earnings of ($0.98) per share and revenue of $628.50 million for the quarter.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

Shares of HOVNP opened at $21.64 on Friday. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a fifty-two week low of $16.05 and a fifty-two week high of $21.64. The stock has a fifty day moving average of $20.58 and a two-hundred day moving average of $20.31.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were paid a $0.4766 dividend. The ex-dividend date was Wednesday, December 31st. This is an increase from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a yield of 8.8%.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.