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Earnings Preview: Hovnanian Reports Quarterly Results WednesdayRobert Weinstein • Fri, Sep 2, 2011 -
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Hovnanian Battens Down the HatchesColin Peterson • Tue, Feb 1, 2011 -
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Hovnanian's Midweek Roller-Coaster RideOckham Research • Thu, Dec 17, 2009 -
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James Tobin Primer On Currency WarInvestment Biker • Fri, Mar 22
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Hovnanian CEO Discusses F4Q10 Results - Earnings Call TranscriptWed, Dec 22, 2010
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Hovnanian CEO Discusses F3Q2010 Results - Earnings Call TranscriptThu, Sep 2, 2010
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at CNBC.com (Jun 5, 2013)
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at CNBC.com (Jun 5, 2013)
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at Fox Business (Jun 5, 2013)
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GlobeNewswire (Jun 5, 2013)
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at CNBC.com (Jun 5, 2013)
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at MarketWatch.com (Jun 5, 2013)
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at MarketWatch.com (Jun 4, 2013)
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at MarketWatch.com (May 23, 2013)
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Hovnanian Enterprises Announces Second Quarter Fiscal Year 2013 Earnings Release and Conference CallGlobeNewswire (May 23, 2013)
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GlobeNewswire (Mar 6, 2013)
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at MarketWatch.com (Mar 6, 2013)
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at CNBC.com (Mar 1, 2013)
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at Fox Business (Mar 1, 2013)
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GlobeNewswire (Feb 20, 2013)
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at Fox Business (Feb 20, 2013)
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at CNBC.com (Feb 19, 2013)
HOV vs. ETF Alternatives
Company Description
We design, construct, market, and sell single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes in planned residential developments and are one of the nation’s largest builders of residential homes. Founded in... More
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- | On the move
- Monday, June 10, 9:22 PM Lennar (LEN -3.37%) suffered today after a J.P. Morgan downgrade. Morgan analysts lowered the stock to neutral from overweight and lowered the price target from $48 to $46.50, projecting "some modest near term downside risk." Collateral damage to housing stocks included Gafisa (GFA -6.21%),Toll Bros. (TOL -2.95%), Hovnanian (HOV -2.77%), PulteGroup (PHM -1.99%), KB Home (KBH -1.78%). Comment!
- Wednesday, June 5, 10:00 AM More on Hovnanian (HOV) FQ2: net profit drops to $1.3M from $1.8M last year, which included a $27M one-time gain. FQ2 2013 revenue +24%. Deliveries +18% to 1,424 homes; net contracts +22.2% to $696.1M; contract backlog $1.02B for 2,827 homes, up 34.3% and 23% respectively; contract cancellation rate 16% vs 17% last year. Saw strong demand during spring selling season and was able to raise prices in many communities, thereby offsetting any increases in labor or material costs. Should be profitable for the rest of the year. (PR) 3 Comments [Earnings, Consumer]
- Wednesday, June 5, 9:16 AM Hovnanian (HOV): FQ2 EPS of $0.01 beats by $0.06. Revenue of $423M beats by $14.39M. (PR) Comment! [Earnings, Breaking News]
- Wednesday, June 5, 12:05 AM Notable earnings before Wednesday’s open: BF.B, CYBX, HOV, JOSB Comment! [Earnings]
- Tuesday, June 4, 5:30 PM Notable earnings before Wednesday’s open: BF.B, CYBX, HOV, JOSB Comment! [Earnings]
- Wednesday, April 24, 12:19 PM Meritage Homes (MTH +5.2%) moves higher today on a solid Q1 earnings beat this morning. The number of closed homes for the quarter jumped 17% as closing surged 39% and orders jumped 35%. What's really driving the stock right now is its forecast for FY13. The homebuilder's EPS forecast, based on a 40% increase in closings revenue the rest of the year, puts the midpoint of its profit estimate more than 15% above consensus views - which were already double that from 2012. It now expects to earn between $2.20 - 2.45, versus Street estimates of $2.04. Comment! [Earnings, On the Move]
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Monday, April 22, 5:54 PM
After-hours top gainers, as of 5:15 p.m.: VECO +9%. SWFT +6%. ILMN +4%. WIT +4%. QCCO +3%.
After-hours top losers: BEAT -11%. RCII -6%. HOV -5%. RFMD -5%. REGI -4%. 1 Comment [On the Move] - Tuesday, April 16, 11:29 AM Homebuilder stocks aren't taking much encouragement off the bigger number in Housing Starts today, as the underlying data doesn't appear to be strong enough to offset yesterday's drubbing: BZH -0.7%, TMHC -0.2%, HOV -0.2%, DHI +0.9%, KBH +0.5%, PHM +1.6%, LEN +0.9%, TOL +1%. Building materials suppliers on the other hand don't care what kind of homes are being built, and are having a much better day on the news: LII +2.3%, WSO +2%, SHW +3.3%, LPX +3.6%). Comment!
- Monday, April 15, 11:44 AM Homebuilders are taking a hit today on the back of weaker-than-expected housing data: XHB -2.7%, KBH -4.7%, TOL -4.5%, DHI -4.3%, PHM -4.1%, HOV -3.7%, LEN -3.2%, BZH -3.3%. Comment! [On the Move]
- Friday, March 15, 4:38 PM Homebuilder stocks are moving away from trading on the macro news and beginning to trade more on company-specific fundamentals, according to Wells Fargo. While most homebuilder shares have outperformed the S&P 500 over the last twelve months, different patterns are starting to emerge. Performance within the sector is beginning to fragment. Over the last week for example, half of the builders the firm follows outperformed while half underperformed. Similarly over the last month, only 5 of the 12 outperformed. 7 Comments [U.S. Economy]
- Wednesday, March 6, 9:50 AM More on Hovnanian Enterprises (HOV -3.3%) FQ4: net loss narrows to $11.3M from $18.3M last year as revenue jumps 32.9% but comes in below forecasts. Adjusted pretax loss narrows to $20.1M from $34.3M. Deliveries, including unconsolidated joint ventures, +17.4% to 1,188 homes. Backlog +40% to $812.1M. Expects return to profitability in 2013, and that deliveries, revenues and gross margin will increase. (PR) 1 Comment [Earnings, Consumer]
- Wednesday, March 6, 9:19 AM Hovnanian Enterprises (HOV): Q4 EPS of -$0.08. Revenue of $358.2M. (PR) Comment! [Earnings, Breaking News]
- Wednesday, March 6, 12:05 AM Notable earnings before Wednesday’s open: AEO, AMRC, BF.B, BIG, END, HOV, POZN, SPLS, TFM, WMC, WRES Comment! [Earnings]
- Tuesday, March 5, 5:30 PM Notable earnings before Wednesday’s open: AEO, AMRC, BF.B, BIG, END, HOV, POZN, SPLS, TFM, WMC, WRES Comment! [Earnings]
- Tuesday, January 29, 12:22 PM Shares of Hovnanian Enterprises (HOV +3.5%) get a boost today from an upgrade to Neutral from Compass Point. The firm says HOV's risk profile has declined markedly over the past few quarters and there's room for sustainable profitability in 2014. It cautions, however, that the company will not achieve a positive book value until its DTA is reversed in perhaps 2015-2016, and its equity value remains dependent upon that metric improving. Comment! [On the Move]
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Tuesday, January 15, 5:38 PM
After-hours top gainers, as of 5:15 p.m.: CBK +8%. TTMI +7%. VRA +5%. ARQL +5%. GMAN +4%.
After-hours top losers: FIVE -4%. CIE -4%. PCRX -3%. HOV -3%. FULT -3%. Comment! [On the Move]
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