Hovnanian Enterprises (HOV) to Release Quarterly Earnings on Thursday

Hovnanian Enterprises (NYSE:HOV) is set to announce its earnings results before the market opens on Thursday, December 6th.

Hovnanian Enterprises (NYSE:HOV) last announced its earnings results on Monday, September 10th. The construction company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $456.70 million for the quarter, compared to the consensus estimate of $504.30 million. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.28) EPS.

Shares of HOV opened at $1.22 on Tuesday. Hovnanian Enterprises has a 1-year low of $1.18 and a 1-year high of $3.41.

Several equities research analysts recently commented on HOV shares. ValuEngine lowered shares of Hovnanian Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. JMP Securities raised shares of Hovnanian Enterprises from an “underperform” rating to a “market perform” rating and set a $1.30 price objective on the stock in a research note on Tuesday, October 9th.

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About Hovnanian Enterprises

Hovnanian Enterprises, Inc designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 130 communities in 24 markets.

See Also: Asset Allocation

Earnings History for Hovnanian Enterprises (NYSE:HOV)

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