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Last $1.97 USD
Change Today -0.09 / -4.37%
Volume 2.5M
As of 8:04 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

hovnanian enterprises-a (HOV) Snapshot

Open
$2.05
Previous Close
$2.06
Day High
$2.11
Day Low
$1.96
52 Week High
07/28/14 - $4.44
52 Week Low
07/27/15 - $1.96
Market Cap
299.4M
Average Volume 10 Days
2.4M
EPS TTM
$1.88
Shares Outstanding
131.4M
EX-Date
--
P/E TM
1.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for HOVNANIAN ENTERPRISES-A (HOV)

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hovnanian enterprises-a (HOV) Details

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters in 201 communities in 34 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as offers title insurance services. Hovnanian Enterprises, Inc. was founded in 1959 and is headquartered in Red Bank, New Jersey.

2,006 Employees
Last Reported Date: 12/19/14
Founded in 1959

hovnanian enterprises-a (HOV) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $617.9K
Chief Operating Officer
Total Annual Compensation: $617.9K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $328.8K
Vice President of Finance and Treasurer
Total Annual Compensation: $307.6K
Compensation as of Fiscal Year 2014.

hovnanian enterprises-a (HOV) Key Developments

Hovnanian Enterprises Inc. Announces Board Changes, Effective July 31, 2015

On July 2, 2015, David G. Valiaveedan, Vice President-Finance and Treasurer of Hovnanian Enterprises Inc., notified the company that he intends to resign effective July 31, 2015 to pursue a residential investment career opportunity. Additionally, the company announced that David L. Bachstetter was appointed Treasurer of the company, also effective July 31, 2015. Mr. Bachstetter will continue to hold his current position of Vice President-Finance. Mr. Bachstetter, age 39, joined the Company as Vice President-Finance in March 2011. Prior to joining the company, Mr. Bachstetter served as Vice President, Investment Banking, at Barclays Capital, and was an Associate, Investment Banking, for Lehman Brothers.

Hovnanian Enterprises Seeks Acquisitions

Hovnanian Enterprises Inc. (NYSE:HOV) announced that its land acquisition teams will continue to look to identify new land parcels.

Hovnanian Enterprises Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Hovnanian Enterprises Inc. reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported total revenues of $468,949,000 against $449,929,000 a year ago. Loss before income taxes was $29,481,000 against $7,298,000 a year ago. Net loss was $19,559,000 or $0.13 per basic and diluted share against $7,902,000 or $0.05 per basic and diluted share a year ago. EBIT was $5,562,000 against $28,581,000 a year ago. EBITDA was $7,921,000 against $30,537,000 a year ago. Adjusted EBITDA was $12,232,000 against $32,214,000 a year ago. The revenues grew by 4%. This growth was driven by a 5% increase in average sales price, which was offset by a 1% decline in deliveries. For the six months, the company reported total revenues of $914,663,000 against $813,977,000 a year ago. Loss before income taxes was $49,161,000 against $31,188,000 a year ago. Net loss was $33,935,000 or $0.23 per basic and diluted share against $32,425,000 or $0.22 per basic and diluted share a year ago. EBIT was $22,271,000 against $37,514,000 a year ago. EBITDA was $26,951,000 against $41,378,000 a year ago. Adjusted EBITDA was $33,492,000 against $43,719,000 a year ago. For the fiscal year 2015, the company expects to report total revenues between $2.2 billion and $2.3 billion gross margin to be between 17.4% and 17.8%. The company expects the pretax loss to be between $15 million and $30 million. This is due to decline in gross margin and a relatively high level of SG&A related to preparing for greater top line growth.

 

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HOV:US $1.97 USD -0.09

HOV Competitors

Market data is delayed at least 15 minutes.

Company Last Change
LGI Homes Inc $18.64 USD +0.17
M/I Homes Inc $24.15 USD +0.18
Meritage Homes Corp $45.65 USD -0.54
PICO Holdings Inc $11.99 USD -0.17
William Lyon Homes $23.82 USD -0.23
View Industry Companies
 

Industry Analysis

HOV

Industry Average

Valuation HOV Industry Range
Price/Earnings 1.1x
Price/Sales 0.1x
Price/Book NM Not Meaningful
Price/Cash Flow 0.9x
TEV/Sales NM Not Meaningful
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