Media headlines about Hovnanian Enterprises (NYSE:HOV) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hovnanian Enterprises earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 45.0349318119691 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- K. Hovnanian® Homes Celebrates Grand Opening of the Estates of Fox Chase in Oswego (newswire.com)
- Hovnanian to Open Chicago-Area Community (builderonline.com)
- Hovnanian Enterprises, Inc. (HOV) stock returned -22.57% negative Quarterly performance – Street Observer (press release) (streetobserver.com)
- K. Hovnanian at Port Imperial Urban Renewal VI launches sales at Nine on the Hudson (nj.com)
Shares of Hovnanian Enterprises (NYSE HOV) traded up 0.44% during mid-day trading on Thursday, reaching $2.29. The company had a trading volume of 1,072,726 shares. The company’s market capitalization is $337.99 million. The stock has a 50 day moving average of $1.90 and a 200-day moving average of $2.25. Hovnanian Enterprises has a 52 week low of $1.52 and a 52 week high of $2.98.
Hovnanian Enterprises (NYSE:HOV) last issued its quarterly earnings results on Thursday, September 7th. The construction company reported ($2.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($2.27). The business had revenue of $592.00 million for the quarter, compared to analysts’ expectations of $584.50 million. Hovnanian Enterprises had a negative return on equity of 7.10% and a negative net margin of 12.69%. The company’s quarterly revenue was down 17.4% compared to the same quarter last year. On average, analysts expect that Hovnanian Enterprises will post ($0.05) earnings per share for the current fiscal year.
Several equities research analysts recently commented on the company. TheStreet cut Hovnanian Enterprises from a “c-” rating to a “d” rating in a research report on Thursday, September 7th. MKM Partners reissued a “neutral” rating on shares of Hovnanian Enterprises in a research report on Tuesday, September 5th. Finally, BidaskClub cut Hovnanian Enterprises from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th.
Hovnanian Enterprises Company Profile
Hovnanian Enterprises, Inc is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services.
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