Hovnanian Enterprises (HOV) Projected to Post Earnings on Tuesday

Hovnanian Enterprises (NYSE:HOV - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Tuesday, May 20th. Analysts expect Hovnanian Enterprises to post earnings of $2.45 per share and revenue of $733.20 million for the quarter.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last issued its earnings results on Thursday, February 27th. The construction company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.87. The business had revenue of $673.62 million during the quarter, compared to analysts' expectations of $705.80 million. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.

Hovnanian Enterprises Stock Up 2.8%

Shares of HOV traded up $3.03 on Friday, hitting $111.11. 50,282 shares of the stock traded hands, compared to its average volume of 80,291. Hovnanian Enterprises has a one year low of $81.15 and a one year high of $240.34. The company has a market capitalization of $658.34 million, a PE ratio of 3.46 and a beta of 2.28. The business has a 50 day simple moving average of $100.95 and a 200 day simple moving average of $130.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 1.52.

Analyst Ratings Changes

Several research analysts have recently weighed in on HOV shares. StockNews.com cut Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday, March 18th. Zelman & Associates reissued an "underperform" rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th.

Institutional Investors Weigh In On Hovnanian Enterprises

An institutional investor recently raised its position in Hovnanian Enterprises stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 5.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,979 shares of the construction company's stock after buying an additional 156 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Hovnanian Enterprises worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 65.40% of the company's stock.

About Hovnanian Enterprises

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.