|Bid||15.05 x 3200|
|Ask||16.00 x 900|
|Day's Range||14.58 - 15.50|
|52 Week Range||5.15 - 43.25|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||15.79|
|Earnings Date||Dec 4, 2019 - Dec 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.00|
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.
Total Revenues Increased 6% Year-over-Year12% Year-over-Year Expansion in Consolidated Community CountConsolidated Contracts Grew 23% Year-over-Year12% Year-over-Year Increase.
Hovnanian Enterprises (NYSE: HOV ) releases its next round of earnings this Thursday, September 5. Here's Benzinga's essential guide to Hovnanian Enterprises's Q3 earnings report. Earnings and Revenue ...
Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2019 the morning of Thursday, September 5, 2019. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 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.
Given falling mortgage rates, the housing space looks attractive with existing homes sales rising on a year-over-year basis for the first time in the last 17 months.
Shares of Hovnanian Enterprises Inc. plunged 14% in afternoon trading Thursday, after the home builder disclosed that it received a de-listing warning from the New York Stock Exchange, citing the market capitalization listing standard. Hovnanian said it received written notification of non-compliance on July 11, because the company's market cap averaged less than $50 million over a consecutive 30 trading-session period. The market cap declined to $43.59 million, after being above $50 million the previous 5 sessions, according to FactSet data. In the 30 sessions before July 11, market cap averaged $48.8 million. The NYSE's warnings comes after Hovnanian effected a 1-for-25 reverse stock split on March 29, after the stock closed March 28 at a pre-split-adjusted price of 55 cents. Hovnanian's stock has tumbled 57% year to date, while the SPDR S&P Homebuilder ETF has rallied 30% and the S&P 500 has advanced 19%.
Hovnanian Enterprises, Inc. (HOV) (“Hovnanian” or the “Company”), a leading national homebuilder, announced today that it received written notification (the “Notice”) from the New York Stock Exchange (“NYSE”) that Hovnanian is not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE’s Listed Company Manual (“Section 802.01B”) because Hovnanian’s average global market capitalization was less than $50 million over a consecutive 30 trading-day period and its most recently reported stockholders’ equity was also less than $50 million. As set forth in the Notice, as of July 11, 2019, Hovnanian’s 30 trading-day average global market capitalization was approximately $49.5 million. In accordance with the NYSE rules, the Company intends to notify the NYSE within 10 business days of receipt of the Notice that it intends to submit a plan (the “Plan”) within 45 days from receipt of the Notice advising the NYSE of definitive action the Company has taken, or is taking, which would bring the Company into conformity with the NYSE’s continued listed standards within 18 months of receipt of the Notice.
11% Year-over-Year Expansion in Consolidated Community CountConsolidated Contracts Grew 10% Year over Year, the First Improvement Since Early 2016Consolidated Lots Controlled.
Hovnanian Enterprises, Inc. Class A (NYSE: HOV ) unveils its next round of earnings this Thursday, June 6. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue ...
U.S. home price growth decelerated for the 12th straight month in March, according to the S&P CoreLogic Case-Shiller national home price index.
MATAWAN, N.J., May 23, 2019 -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30,.
Data services provider Sirius Computer Solutions wants to stop derivatives holders from influencing business decisions to benefit their bottom line at the expense of the borrower. Language in the financing package backing Sirius’ buyout by private equity firm Clayton, Dubilier & Rice (CD&R) prohibits lenders that own derivative positions from voting on company matters, according to three sources familiar with the loan credit agreement. As investor activism rises, the borrower wants to prevent these holders from declaring a default that could pay off for their hedged trades.
US companies are trying to stop speculative investors from calling events of default on leveraged loans to get payouts under Credit Default Swap (CDS) contracts at the expense of other lenders as investor activism rises. Companies are trying to tighten loan documentation to limit aggressive investors from pushing agendas that benefit their CDS holdings above the interests of borrowers or other lenders. The move to add tougher new language to documents follows two highly publicized US court cases involving homebuilder Hovnanian and telecom service provider Windstream.
The president of Orlando-based Hanover Capital Partners LLC along the way has built up multiple homebuilding operations that were sold to publicly traded companies.
Hovnanian Enterprises (NYSE:HOV) announced on Friday that the company had executed a reverse stock split that played a role in HOV stock plummeting more than 20% by day's end.The Red Bank, New Jersey-based real estate company said that it executed a 1-for-25 reverse stock split, playing a role in the stock trading on a split-adjusted basis as of 12:01 a.m. Eastern time today. The business' stock had closed at 55 cents per share on Thursday, which amounts to roughly $13.75 per share on a split-adjusted basis, which played a role in the stock trading 9.8% that amount in premarket trading.On a pre-split basis, the stock had closed below $1.00 since Dec. 14, and the company said that it decided to make the move towards the reverse split with the goal of regaining compliance with the New York Stock Exchange. The market has a minimum average closing price requirement that Hovnanian had to meet in order to remain listed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's stock has declined about 70% over the last 12 months through Thursday. Hovnanian, which was founded back in the late 1950s by Kevork Hovnanian, brought in revenue of more than $1.9 billion in its fiscal 2018. The business does every element of home marketing, including the design, construction and sales of it.HOV stock is sinking about 21.2% on Friday following the company's announcement, now selling at $13.75 per share on a split adjusted basis. More From InvestorPlace * 7 Marijuana Stocks to Play the CBD Trend * 7 Reasons to Buy Housing Stocks in 2019 * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos Compare Brokers The post Hovnanian News: HOV Stock Tumbles on Reverse Stock Split appeared first on InvestorPlace.
Foreign buyers are purchasing less American real estate. Homes bought by people from outside the country from April 2018 through March 2019 tumbled 36%. Yahoo Finance's Seana Smith and Lawrence Yun, National Association of REALTORS Chief Economist, discuss.
House flipping rates reached a nine-year high in the first quarter of the year, making up just over 7% of all homes sold nationwide, according to real estate firm Attom Data. Yahoo Finance's Seana Smith and Attom Data Solutions chief product officer Todd Teta discuss.