Hovnanian Enterprises (HOV) Receiving Somewhat Positive Press Coverage, Report Finds

Media stories about Hovnanian Enterprises (NYSE:HOV) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hovnanian Enterprises earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 44.8832029614213 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Hovnanian Enterprises (HOV) opened at $2.82 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.24 and a debt-to-equity ratio of -0.30. The company has a market capitalization of $416.21, a PE ratio of 18.80 and a beta of 1.98. Hovnanian Enterprises has a 1 year low of $1.66 and a 1 year high of $2.98.

Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings data on Thursday, September 7th. The construction company reported ($2.28) EPS for the quarter, missing the consensus estimate of ($0.01) by ($2.27). The firm had revenue of $592.00 million for the quarter, compared to the consensus estimate of $584.50 million. Hovnanian Enterprises had a negative net margin of 12.69% and a negative return on equity of 7.10%. The company’s revenue was down 17.4% on a year-over-year basis.

Several analysts have weighed in on the company. TheStreet cut Hovnanian Enterprises from a “c-” rating to a “d” rating in a report on Thursday, September 7th. MKM Partners reaffirmed a “neutral” rating on shares of Hovnanian Enterprises in a report on Tuesday, September 5th.

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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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