Hovnanian Enterprises (NYSE:HOV) Announces Earnings Results

Hovnanian Enterprises (NYSE:HOV) issued its earnings results on Monday. The construction company reported $3.58 EPS for the quarter, topping the consensus estimate of $2.71 by $0.87, Zacks reports. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%.

Hovnanian Enterprises Stock Performance

Shares of HOV opened at $117.40 on Monday. The firm has a fifty day moving average of $132.96 and a 200-day moving average of $171.50. The company has a market cap of $710.88 million, a price-to-earnings ratio of 3.64 and a beta of 2.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 1.52. Hovnanian Enterprises has a 1 year low of $111.61 and a 1 year high of $240.34.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wedbush restated a “neutral” rating and issued a $155.00 price target on shares of Hovnanian Enterprises in a research report on Monday, December 16th. Zelman & Associates reiterated an “underperform” rating on shares of Hovnanian Enterprises in a research note on Wednesday, February 12th.

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.