Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Hovnanian Enterprises (HOV) Stock Price
Media headlines about Hovnanian Enterprises (NYSE:HOV) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hovnanian Enterprises earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.4636920220589 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Hovnanian Enterprises Inc (HOVNP) Shares Moving On Volume – Stock Press Daily (stockpressdaily.com)
- Complete Analysis of: Signet Jewelers Limited (SIG) (fishinghd.com)
- A Chartists Perspective on Hovnanian Enterprises Inc (HOV) – Hayden Business Journal (haydenbusinessjournal.com)
- Hovnanian Enterprises, Inc. (HOV) technical analysis: Which way the stock is headed? – StockNewsGazette (stocknewsgazette.com)
Separately, BidaskClub downgraded shares of Hovnanian Enterprises from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th.
Shares of Hovnanian Enterprises (NYSE:HOV) traded down 2.51% during midday trading on Friday, reaching $1.94. 1,176,604 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $2.34 and a 200-day moving average of $2.35. The company has a market capitalization of $285.89 million, a PE ratio of 19.40 and a beta of 1.69. Hovnanian Enterprises has a 1-year low of $1.52 and a 1-year high of $2.98.
Hovnanian Enterprises (NYSE:HOV) last issued its earnings results on Friday, June 2nd. The construction company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.01. Hovnanian Enterprises had a negative return on equity of 8.20% and a net margin of 0.56%. The firm had revenue of $585.90 million during the quarter, compared to analyst estimates of $558.55 million. During the same period in the previous year, the company earned ($0.06) EPS. Hovnanian Enterprises’s revenue for the quarter was down 10.5% on a year-over-year basis. Equities analysts expect that Hovnanian Enterprises will post $0.05 earnings per share for the current fiscal year.
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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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