Hovnanian Enterprises, Inc. (NYSE:HOV)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.30 and last traded at $1.37, with a volume of 24191 shares changing hands. The stock had previously closed at $1.38.
A number of research firms recently issued reports on HOV. ValuEngine cut Hovnanian Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. JMP Securities upgraded Hovnanian Enterprises from an “underperform” rating to a “market perform” rating and set a $1.30 price objective for the company in a report on Tuesday, October 9th.
Hovnanian Enterprises (NYSE:HOV) last posted its quarterly earnings data on Monday, September 10th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The business had revenue of $456.70 million for the quarter, compared to analysts’ expectations of $504.30 million. During the same quarter in the previous year, the firm earned ($2.28) EPS. Hovnanian Enterprises’s revenue was down 22.9% compared to the same quarter last year.
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Hovnanian Enterprises Company Profile (NYSE:HOV)
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 markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 130 communities in 24 markets.
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