Hovnanian Enterprises (HOV) Getting Somewhat Positive Media Coverage, Report Finds

Media coverage about Hovnanian Enterprises (NYSE:HOV) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hovnanian Enterprises earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.716567813257 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern’s scoring:

A number of analysts have recently issued reports on HOV shares. ValuEngine raised shares of Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. MKM Partners lowered shares of Hovnanian Enterprises from a “neutral” rating to a “sell” rating and set a $1.75 target price for the company. in a research note on Friday, December 22nd. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. Hovnanian Enterprises has a consensus rating of “Hold” and an average price target of $1.53.

HOV stock traded up $0.07 during trading hours on Wednesday, reaching $1.99. 2,662,591 shares of the company were exchanged, compared to its average volume of 2,388,738. Hovnanian Enterprises has a 52 week low of $1.66 and a 52 week high of $3.41. The stock has a market capitalization of $293.71, a price-to-earnings ratio of -0.81 and a beta of 1.57. The company has a current ratio of 0.79, a quick ratio of 0.25 and a debt-to-equity ratio of -0.10.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings data on Thursday, March 8th. The construction company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.13). Hovnanian Enterprises had a negative return on equity of 1.29% and a negative net margin of 15.66%. The business had revenue of $417.17 million during the quarter, compared to analysts’ expectations of $461.60 million. The firm’s revenue was down 24.4% compared to the same quarter last year.

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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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