Hovnanian Enterprises, Inc. PFD DEP1/1000A (HOVNP) Expected to Announce Quarterly Earnings on Wednesday

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) is expected to be announcing its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of ($0.98) per share and revenue of $628.50 million for the quarter.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

Shares of HOVNP opened at $21.50 on Tuesday. The company has a 50-day simple moving average of $20.61 and a two-hundred day simple moving average of $20.33. Hovnanian Enterprises, Inc. PFD DEP1/1000A has a one year low of $16.05 and a one year high of $21.83.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 1st were issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 8.9%. This is a positive change from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. The ex-dividend date was Wednesday, December 31st.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.