HOV News and Press, Hovnanian Enterprises Inc. Class A From 06/01/22

161% Year-over-Year Increase in Pretax Profit Gross Margin Percentage Increased 520 Basis Points Year-over-Year 5% Increase in Consolidated Dollar Amount of Contracts 16% Increase in Consolidated Backlog Dollars to $2.06 Billion Early Retirement of $100 Million of ...

AFMD, CONN, CPRI, DCI, HOV, WB For Seeking Alpha's full earnings season calendar, click here. For further details see: Notable earnings before Wednesday's open

On the surface, HOV seems cheap but the market has, quite correctly, not forgotten debt, management conflicts and one-time impacts. 2021 earnings were inflated by a one-time asset revaluation, but even adjusted earnings with a P/E of 1.5 look unsustainable. We pass on Hovnanian du...

Earnings season is accelerating towards the finish line, with such high-profile names as Victoria’s Secret (NYSE:VSCO), RH (RH), Salesforce (NYSE:CRM), Gamestop (NYSE:GME), and Lululemon (NASDAQ:LULU) set to report next week. With many of the twists and turns stemming from earnings rep...

MATAWAN, N.J., May 18, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2022 the morning of Wednesday, June 1, 2022. The Company will webcast its second quarter earnings co...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

The National Association of Home Builders on Wednesday has urged President Biden to help reduce material and labor costs as housing affordability falls to its lowest in more than years, according to a letter.  "The housing market is reaching an inflection point that threatens to derail t...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

In a backdrop of consumer price inflation surging at multi-decade highs, the historic acceleration in U.S. home prices since the onset of the COVID-19 pandemic is "out of step" with market fundamentals, according to a blog post by the Federal Reserve Bank of Dallas.  “Our evi...

Dragged down by a late-day selling spree, Wall Street notched a second consecutive day of losses on Thursday, as investors continued to take profits after the sharp recovery that has marked most of the past few weeks.  The slide included a further retreat in homebuilding stocks. From an ...