Hovnanian Enterprises (HOV) set to announce results on Wednesday

Hovnanian Enterprises (NYSE:HOV – Get Rating) will release quarterly earnings data before market open on Wednesday, June 1. Hovnanian Enterprises has set its second quarter 2022 guidance to EPS and its fiscal year 2022 guidance to EPS. Individuals wishing to register for the company’s earnings conference call can do so using this link.

Hovnanian Enterprises (NYSE:HOV – Get Rating) last released quarterly earnings data on Tuesday, March 1. The construction company reported EPS of $3.07 for the quarter. The company had revenue of $565.31 million in the quarter. Hovnanian Enterprises achieved a net margin of 22.13% and a return on equity of 2,419.54%.

NYSE HOV shares opened at $41.31 on Wednesday. The company has a market capitalization of $259.96 million, a PE ratio of 0.48 and a beta of 2.44. The company has a current ratio of 1.01, a quick ratio of 0.18 and a debt ratio of 3.19. Hovnanian Enterprises has a 1 year minimum of $40.00 and a 1 year maximum of $146.34. The company has a fifty-day moving average price of $53.07 and a 200-day moving average price of $83.85.

Separately, StockNews.com took over coverage of Hovnanian Enterprises shares in a Thursday, March 31 report. They issued a “holding” rating on the stock.

Several institutional investors and hedge funds have recently changed their HOV holdings. Jane Street Group LLC bought a new stake in shares of Hovnanian Enterprises in the first quarter worth $329,000. Schonfeld Strategic Advisors LLC acquired a new stake in Hovnanian Enterprises in Q4 for a value of approximately $328,000. Engineers Gate Manager LP increased its stake in Hovnanian Enterprises by 62.7% in Q1. Engineers Gate Manager LP now owns 5,378 shares of the construction company worth $318,000 after purchasing an additional 2,072 shares during the period. Squarepoint Ops LLC bought a new position in Hovnanian Enterprises in Q4 for a value of approximately $311,000. Finally, Bank of America Corp DE increased its stake in Hovnanian Enterprises shares by 327.9% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the construction company valued at $228,000 after purchasing an additional 1,646 shares during the period. Institutional investors hold 45.44% of the company’s shares.

Company Profile Hovnanian Enterprises (Get an evaluation)

Hovnanian Enterprises, Inc is engaged in the design, construction, marketing and sale of residential homes in the United States. It offers single family homes, townhouses and condominiums, urban infills and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, playgrounds and open spaces .

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Earnings History for Hovnanian Enterprises (NYSE:HOV)

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