|Bid||25.75 x 1300|
|Ask||0.00 x 800|
|Day's Range||26.14 - 27.73|
|52 Week Range||5.15 - 30.35|
|Beta (5Y Monthly)||1.81|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 04, 2020 - Mar 08, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.00|
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
MATAWAN, N.J., Dec. 06, 2019 -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today the results of the offers to exchange (the “Exchange Offers”) by its.
Shares of Hovnanian Enterprises Inc. rallied 5.7% in morning trading Thursday, after the home builder reported a 16% jump in revenue for its fiscal fourth quarter and a 17% increase in home deliveries. The company swung to a net loss of $1.8 million,or 30 cents a share, for the quarter to Oct. 31 from a profit of $46.2 million, or $7.34 a share, in the same period a year ago. Excluding losses from the early extinguishment of debt, joint venture writedowns and land-related charges, the company recorded net income of $44.5 million. Total revenue rose to $713.6 million from $614.8 million and deliveries increased to 1,709 homes from 1,465 homes. The contract cancellation rate for consolidated contracts fell to 21% from 23% while gross margin percentage after cost of sales interest expense and land charges fell to 14.5% from 16.5%. Total liquidity as of Oct. 31 was $275.9 million, above the $245 million upper-end of its target range. The stock, which hit a record low in August, has now rocketed 115% over the past three months, while the SPDR S&P Homebuilders ETF has gained 7.8% and the S&P 500 has advanced 4.5%.
Despite a $42 Million Loss on Extinguishment of Debt, Pretax Income was Roughly BreakevenPretax Income, Excluding Loss on Extinguishment of Debt and Land Related Charges, was.
MATAWAN, N.J., Nov. 21, 2019 -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today that its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (the.
Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2019 the morning of Thursday, December 5, 2019. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2019. The conference call and accompanying slide presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hovnanian Enterprises, Inc. New York, November 15, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hovnanian Enterprises, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
Rating Action: Moody's downgrades Hovnanian's CFR, recognizes distressed exchanges. Global Credit Research- 12 Nov 2019. Over $1 billion of debt securities affected.
If you want to know who really controls Hovnanian Enterprises, Inc. (NYSE:HOV), then you'll have to look at the makeup...
MATAWAN, N.J., Nov. 05, 2019 -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today that its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (the.
Hovnanian Enterprises, Inc. (HOV) (“Hovnanian” or the “Company”) announced today that it has closed several refinancing transactions that extend the maturities of over $700 million of the Company’s debt, including addressing all near-term maturities through 2021, as well as proactively extending approximately 50% of its upcoming maturities in 2022 and 2024. Additionally, the Company refinanced its $125 million secured revolving credit facility, which had revolving commitments terminating in December 2019, to a new secured revolving credit facility (the “New Revolver”) maturing in 2022.
Home price growth in the U.S. rose for the first time in 16 months, according to the latest S&P CoreLogic Case-Shiller national home price index.
We highlight five small-cap ETFs and stocks that have outperformed in September. These could be excellent plays for investors should the same trends prevail.
A study by online loan marketplace LendingTree found white Americans tend to own a disproportionately high number of homes relative to their overall population in U.S. metro areas.
RED BANK, N.J., Sept. 18, 2019 -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at the Deutsche.
The strength of the job market and low mortgage rates are supporting existing home sales in 2020. Realtor.com Sr. Economist George Ratiu joins On The Move to discuss the scarcity of affordable housing and what else can be expected from the housing market in 2020.