Hovnanian Enterprises, Inc. (HOV) News
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HOV News Highlights
- For HOV, its 30 day story count is now at 6.
- Over the past 14 days, HOV's stories per day has been in a clear downtrend, falling by about 1.00 per 7 days.
- The most mentioned tickers in articles about HOV are OG, LI and EM.
Latest HOV News From Around the Web
Below are the latest news stories about HOVNANIAN ENTERPRISES INC that investors may wish to consider to help them evaluate HOV as an investment opportunity.
Hovnanian Enterprises to Present at Deutsche Bank’s 30th Annual Leveraged Finance ConferenceRED BANK, N.J., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be participating in a fireside chat at Deutsche Bank’s 30th Annual Leveraged Finance Conference on Tuesday, September 20, 2022 at 4:35 p.m. ET. The fireside chat will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com. It is suggested that participants access the webcast eve |
Homebuilder Hovnanian: Crazy Cheap, Trust The DataHovnanian (HOV) recently reported its fiscal Q3 earnings. EPS was $10.82, or $43 annualized. The stock? $39. Yes, that’s below a 1 P/E. The S&P 500 P/E is 18, meaning that Hovnanian’s multiple is 5% of the market. Have you ever seen anything like this valuation? Me neither. Clearly investors are anticipating a looming disaster, for Hovnanian and its peer homebuilders. And yes, housing demand recently just shifted from booming to weak in a matter of months due to a major drop in home affordability. But I own and enthusiastically recommend this stock for three reasons:
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‘Extreme buyer hesitation’ pushes home sellers to rent instead of sell, as builders eye rentals as a hedge against a housing recessionThe rental market is offering more opportunities to home sellers and buyers, amid a housing market downturn. |
Hovnanian stock rallies after big profit rise, raised outlook even as home demand continues to slowShares of Hovnanian Enterprises Inc. leapt 3.2% in afternoon trading Thursday, to bounce off the previous session's 19-month closing low, after the home builder a big jump in fiscal third-quarter profit and lifted its full-year outlook, despite signs of a slowing housing market. Net income for the quarter to July 31 rose to $79.95 million, or $10.82 a share, from $47.70 million, or $6.72 a share, in the year-ago period. Revenue grew 11.1% to $767.59 million. There were no analyst estimates compi |
Edited Transcript of HOV.N earnings conference call or presentation 1-Sep-22 3:00pm GMTQ3 2022 Hovnanian Enterprises Inc Earnings Call |
Hovnanian Enterprises Reports Fiscal 2022 Third Quarter Results81% Year-over-Year Increase in Pretax ProfitGross Margin Percentage Increased 390 Basis Points Year-over-YearInterest Expense as Percent of Revenue Declined 140 Basis Points Year-over-Year Backlog Cancellation Rate Increased to 8% From 6% Last Year Consolidated Contract Dollars Declined 23% Year-over-YearIncreased Full Year EBITDA, Gross Margin and Adjusted Pretax Profit Guidance MATAWAN, N.J., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebui |
Homebuilder eyes large single-family development in Prince William CountyA new development of up to 225 single-family homes could soon be coming to Prince William County. New Jersey-based K. Hovnanian Homes has a contract to purchase about 81 acres of farmland near Haymarket and has filed an application with the county to have the property rezoned for mixed residential development, according to a report in InsideNoVa. K. Hovnanian, a unit of Hovnanian Enterprises Inc. (NYSE: HOV), is one of the nation’s largest homebuilders. |
Hovnanian Enterprises Announces Third Quarter Fiscal Year 2022 Earnings Release and Conference CallMATAWAN, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2022 the morning of Thursday, September 1, 2022. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 1, 2022. The conference call and accompanying slide presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises |
Robert Shiller: 'We have a lot of ingredients that might lead to a recession'Nobel Prize-winning economist Robert Shiller predicts the housing slowdown is a sign that a recession may be on the way. |
What Kind Of Shareholders Hold The Majority In Hovnanian Enterprises, Inc.'s (NYSE:HOV) Shares?If you want to know who really controls Hovnanian Enterprises, Inc. ( NYSE:HOV ), then you'll have to look at the... |