Hovnanian Enterprises (NYSE:HOV) Downgraded by ValuEngine
Shares of HOV opened at $6.63 on Thursday. The stock has a market capitalization of $39.37 million, a P/E ratio of 4.60 and a beta of 1.85. The firm’s 50 day moving average price is $8.24. Hovnanian Enterprises has a 1 year low of $6.54 and a 1 year high of $44.00.
Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings data on Thursday, June 6th. The construction company reported ($2.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by ($0.79). The firm had revenue of $440.69 million for the quarter. Hovnanian Enterprises had a net margin of 0.66% and a negative return on equity of 2.03%. On average, analysts forecast that Hovnanian Enterprises will post 0.05 earnings per share for the current year.
Hovnanian Enterprises Company Profile
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 builds and markets homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 123 communities in 25 markets.
Further Reading: Support Level
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