Media stories about Hovnanian Enterprises (NYSE:HOV) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hovnanian Enterprises earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 47.0008107037138 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Hovnanian Enterprises (NYSE:HOV) last posted its earnings results on Thursday, September 7th. The construction company reported ($2.28) EPS for the quarter, missing the consensus estimate of ($0.01) by ($2.27). The business had revenue of $592.00 million during the quarter, compared to analysts’ expectations of $584.50 million. Hovnanian Enterprises had a negative net margin of 12.69% and a negative return on equity of 7.10%. Hovnanian Enterprises’s revenue was down 17.4% compared to the same quarter last year.
A number of research firms have recently weighed in on HOV. BidaskClub cut Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. MKM Partners reissued a “neutral” rating on shares of Hovnanian Enterprises in a research report on Tuesday, September 5th. Finally, TheStreet cut Hovnanian Enterprises from a “c-” rating to a “d” rating in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Hovnanian Enterprises presently has an average rating of “Hold” and a consensus target price of $1.53.
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Hovnanian Enterprises Company Profile
Hovnanian Enterprises, Inc is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services.
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