Headlines about Hovnanian Enterprises (NYSE:HOV) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hovnanian Enterprises earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.716567813257 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Hedge Funds Seek Fixes to Credit Default Swaps After Being Stung by Loopholes – Bloomberg Big Law Business (biglawbusiness.com)
- Hedge Funds Said to Seek Repair for CDS Flaw Exposed by GSO Saga (bloombergquint.com)
- Trigger Warning: GSO’s Favorite Loophole in Danger (finance.yahoo.com)
- Pre-Market Technical Scan on Residential Construction Equities — Hovnanian Enterprises, KB Home, Lennar, and … – PR Newswire (press release) (prnewswire.com)
HOV has been the topic of several recent research reports. ValuEngine upgraded shares of Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. MKM Partners lowered shares of Hovnanian Enterprises from a “neutral” rating to a “sell” rating and set a $1.75 target price on the stock. in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. Hovnanian Enterprises currently has an average rating of “Hold” and an average price target of $1.53.
Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings results on Thursday, March 8th. The construction company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.13). Hovnanian Enterprises had a negative net margin of 15.66% and a negative return on equity of 1.29%. The firm had revenue of $417.17 million for the quarter, compared to the consensus estimate of $461.60 million. Hovnanian Enterprises’s quarterly revenue was down 24.4% on a year-over-year basis.
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About Hovnanian Enterprises
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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