Hovnanian Enterprises (NYSE:HOV) issued its quarterly earnings data on Thursday. The construction company reported ($1.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($1.21), Morningstar.com reports. The business had revenue of $482.04 million during the quarter. Hovnanian Enterprises had a net margin of 0.66% and a negative return on equity of 2.03%.
Shares of Hovnanian Enterprises stock traded down $0.12 during mid-day trading on Friday, hitting $10.40. 40,543 shares of the stock were exchanged, compared to its average volume of 162,625. Hovnanian Enterprises has a twelve month low of $5.15 and a twelve month high of $43.25. The stock has a market capitalization of $49.17 million, a price-to-earnings ratio of 13.87 and a beta of 1.62. The company has a 50-day simple moving average of $6.61 and a 200 day simple moving average of $8.10.
A number of equities research analysts recently commented on HOV shares. Zacks Investment Research cut shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday.
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 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.
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