Hovnanian EnterprisesNYSE: HOV

MATAWAN, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 32nd Annual Leveraged Finance Conference taking place on Tuesday, September 24, 2024, at 11:00 am ET.

Hovnanian Enterprises, Inc. is experiencing impressive net sales growth due to lower mortgage rates and strategic initiatives like quick-move-in homes and curated "looks" packages. The company's reduction in debt, increase in assets, and free cash flow growth are expected to boost stock demand and price. Despite risks from interest rate hikes, labor shortages, and raw material scarcity, HOV is significantly undervalued and ongoing stock repurchases may enhance its value.

A y/y increase in home sales revenues aids Hovnanian's (HOV) earnings in Q3.

Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2024 Results Conference Call August 22, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer David Mitrisin - Vice President, Corporate Controller Conference Call Participants Alan Ratner - Zelman & Associates Jordan Hymowitz - Philadelphia Financial Management of San Francisco Alex Barron - Housing Research Center Operator Good morning, and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 Third Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.

Hovnanian Enterprises (NYSE: HOV ) just reported results for the third quarter of 2024. Hovnanian Enterprises reported earnings per share of $9.75.

11% Year-Over-Year Growth in Total Revenues Income Before Income Taxes Increased 38% Year-Over-Year 24% Year-Over-Year Growth in Consolidated Community Count Total Consolidated Lots Controlled Increased 34% Year-Over-Year Increased Midpoint of Full Year Adjusted Income Before Income Tax Guidance by 11% to $313 Million

MATAWAN, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2024, the morning of Thursday, August 22, 2024. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, August 22, 2024.

Hovnanian Enterprises is a cheap homebuilder catering to a wide audience with homes ranging from $135,000 to $1.77 million. Despite a decline in revenue and profitability in 2023, the company has seen growth in orders and deliveries in 2024. With attractively priced shares and potential industry weakness, Hovnanian Enterprises is upgraded to a "strong buy" based on impressive performance.

Discover why Zacks rates Hovnanian (HOV) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore its robust financial restructuring and market growth amid competitive and market challenges.