Hovnanian Enterprises (HOV) Set to Announce Earnings on Wednesday

Hovnanian Enterprises (NYSE:HOV) will be releasing its earnings data before the market opens on Wednesday, December 6th. Analysts expect Hovnanian Enterprises to post earnings of $0.08 per share for the quarter.

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

Hovnanian Enterprises (NYSE:HOV) opened at $2.84 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.82 and a debt-to-equity ratio of -0.30. Hovnanian Enterprises has a 1-year low of $1.66 and a 1-year high of $2.98. The company has a market capitalization of $413.26, a price-to-earnings ratio of 18.67 and a beta of 1.88.

A number of brokerages have commented on HOV. BidaskClub lowered Hovnanian Enterprises from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. MKM Partners reissued a “neutral” rating on shares of Hovnanian Enterprises in a report on Tuesday, September 5th. Finally, TheStreet lowered Hovnanian Enterprises from a “c-” rating to a “d” rating in a report on Thursday, September 7th.

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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.

Earnings History for Hovnanian Enterprises (NYSE:HOV)

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