Hovnanian Enterprises (HOV) to Release Earnings on Thursday

Hovnanian Enterprises (NYSE:HOV) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Hovnanian Enterprises to post earnings of $2.71 per share and revenue of $705.80 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Hovnanian Enterprises (NYSE:HOV) last issued its quarterly earnings data on Thursday, December 5th. The construction company reported $12.79 earnings per share (EPS) for the quarter. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%.

Hovnanian Enterprises Stock Down 1.9 %

Shares of HOV opened at $127.48 on Thursday. The stock has a market capitalization of $772.50 million, a price-to-earnings ratio of 3.97 and a beta of 2.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. The business’s 50 day simple moving average is $134.42 and its 200-day simple moving average is $172.20. Hovnanian Enterprises has a 1 year low of $115.90 and a 1 year high of $240.34.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zelman & Associates reissued an “underperform” rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th. Wedbush reissued a “neutral” rating and set a $155.00 target price on shares of Hovnanian Enterprises in a research report on Monday, December 16th.

Hovnanian Enterprises Company Profile

Hovnanian Enterprises, Inc, through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas.