Hovnanian Enterprises (NYSE:HOV) Announces Quarterly Earnings Results, Beats Estimates By $0.87 EPS

Hovnanian Enterprises (NYSE:HOV) released its quarterly earnings results on Monday. The construction company reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.87, Zacks reports. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%.

Hovnanian Enterprises Stock Down 3.4 %

Shares of NYSE:HOV opened at $117.40 on Monday. The firm has a market cap of $710.88 million, a PE ratio of 3.64 and a beta of 2.71. The company has a fifty day simple moving average of $132.96 and a 200 day simple moving average of $171.50. The company has a current ratio of 1.52, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14. Hovnanian Enterprises has a 12-month low of $111.61 and a 12-month high of $240.34.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HOV shares. Wedbush reaffirmed a “neutral” rating and set a $155.00 price target on shares of Hovnanian Enterprises in a research note on Monday, December 16th. Zelman & Associates reaffirmed an “underperform” rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th.

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.