Edition:
United States

Hovnanian Enterprises Inc (HOV)

HOV on New York Consolidated

1.75USD
22 Sep 2017
Change (% chg)

$0.01 (+0.57%)
Prev Close
$1.74
Open
$1.74
Day's High
$1.78
Day's Low
$1.72
Volume
544,915
Avg. Vol
1,469,972
52-wk High
$2.98
52-wk Low
$1.52

Latest Key Developments (Source: Significant Developments)

Hovnanian Enterprises reports Q3 loss of $2.28/shr
Thursday, 7 Sep 2017 09:15am EDT 

Sept 7 (Reuters) - Hovnanian Enterprises Inc :Hovnanian Enterprises reports fiscal 2017 third quarter results.Q3 loss per share $2.28.Q3 revenue fell 17.4 percent to $592 million.Hovnanian Enterprises - ‍Dollar value of contract backlog, including unconsolidated joint ventures, as of July 31, 2017, was $1.29 billion, decrease of 12.9 percent​.Hovnanian Enterprises Inc- Hurricane Harvey storm damage and construction delays caused by hurricane will reduce our Q4 deliveries.Hovnanian Enterprises -"In spite of temporary impact from hurricane Harvey, long-term prospects for Houston market remain strong"​.  Full Article

Hovnanian Enterprises announces new senior notes offering
Tuesday, 11 Jul 2017 06:31am EDT 

July 11 (Reuters) - Hovnanian Enterprises Inc :Announces new senior notes offering.Hovnanian Enterprises - plans to issue up to $840 million senior secured notes with maturities in 2022 and 2024 in a private placement.Liens securing notes will rank junior to liens securing k. Hovnanian's $75.0 million senior secured term loan facility.Hovnanian Enterprises - to use net proceeds to fund offers and related consent solicitations and to fund redemption of all existing secured notes.  Full Article

Hovnanian announces completion of early tender period
Tuesday, 11 Jul 2017 06:30am EDT 

July 11 (Reuters) - Hovnanian Enterprises Inc :K. Hovnanian announces completion of early tender period in respect of the tender offer for its 10.000 pct senior secured notes due 2018, extension of early tender period in respect of the tender offers for its 9.125 pct senior secured notes due 2020 and 7.250 pct.Hovnanian Enterprises - extended early tender period for tender offers of 2020 9.125 pct notes, 2020 7.25 pct notes to 5:00 p.m., New York City time on July 12, 2017.Hovnanian Enterprises Inc - extended expiration time for tender offers in respect of all notes to 11:59 p.m., New York City time, on July 26, 2017.  Full Article

Hovnanian Enterprises Q2 loss per share $0.05
Friday, 2 Jun 2017 09:15am EDT 

June 2 (Reuters) - Hovnanian Enterprises Inc :Hovnanian Enterprises reports fiscal 2017 second quarter results.Q2 loss per share $0.05.Q2 revenue fell 10.5 percent to $585.9 million.Hovnanian Enterprises -for Q2 ended April 30, 2017, number of net contracts, including unconsolidated joint ventures, decreased 6.1% to 1,748 homes.Hovnanian Enterprises - dollar value of contract backlog, including unconsolidated joint ventures, as of April 30, 2017, was $1.27 billion, down 19.7%.Dollar value of consolidated contract backlog, as of April 30, 2017, decreased 23.6% to $1.09 billion.Hovnanian Enterprises Inc - during May 2017, number of consolidated net contracts decreased to 509 homes from 512 homes in May 2016.Hovnanian Enterprises - during may 2017, dollar value of net contracts decreased 8.3% to $197.2 million in may 2017 compared with $215.0 million for may 2016.  Full Article

Hovnanian Enterprises Q4 earnings per share $0.14
Thursday, 8 Dec 2016 09:15am EST 

Hovnanian Enterprises Inc : Hovnanian Enterprises Inc - consolidated deliveries were 1,870 homes in Q4 of fiscal 2016, an 8.3% increase . Q4 earnings per share view $0.13, revenue view $802.3 million -- Thomson Reuters I/B/E/S . Hovnanian Enterprises - as of Oct 31, no. of homes in contract backlog decreased 14.9% to 2,649 homes versus 3,112 homes as of Oct 31, 2015 . Hovnanian enterprises reports fiscal 2016 results . Q4 earnings per share $0.14 .Q4 revenue rose 16.1 percent to $805.1 million.  Full Article

Hovnanian Enterprises says co, unit entered some financing commitments
Friday, 29 Jul 2016 08:40am EDT 

Hovnanian Enterprises Inc: On July 29, 2016, co, co's unit entered into certain financing commitments - SEC filing .Credit agreement provides for a new $75 million senior secured term loan facility.  Full Article

Hovnanian Enterprises, GTIS Partners announces Homebuilding JV
Wednesday, 29 Jun 2016 12:18pm EDT 

Hovnanian Enterprises Inc [HOV.N]: Says company and GTIS Partners LP, have entered into a joint venture agreement to acquire portfolio of Homebuilding Communities . Approximately $160 million of capital will be invested in joint venture, with co contributing 25% and GTIS Partners providing 75% . Says Hovnanian will manage day-to-day operations of the venture .Hovnanian Enterprises Inc says expects proceeds from home sales to exceed $1.0 billion in revenue.  Full Article

Hovnanian Enterprises reports Q2 loss of $0.06 per share
Thursday, 2 Jun 2016 09:15am EDT 

Hovnanian Enterprises Inc : Q2 loss per share $0.06 . Total revenues were $654.7 million in Q2 of fiscal 2016, an increase of 39.6% . As of April 30, number of homes in contract backlog, including unconsolidated joint ventures, increased 11.7% to 3,453 homes . Hovnanian Enterprises Inc says consolidated deliveries were 1,598 homes in Q2 of fiscal 2016, a 30.7% increase . Sees FY 2016 revenue $2.7 billion to $2.9 billion . Adjusted EBITDA is expected to be between $200 million and $225 million in FY 2016 . Fy2016 revenue view $2.78 billion -- Thomson Reuters I/B/E/S . Hovnanian Enterprises reports fiscal 2016 second quarter results .Q2 revenue rose 39.6 percent to $654.7 million.  Full Article

Hovnanian Enterprises, Inc reiterates FY 2016 revenues and pretax profit guidance
Friday, 4 Dec 2015 09:15am EST 

Hovnanian Enterprises, Inc:reiterates our prior guidance that total revenues for all of FY 2016 are expected to be between $2.7 billion and $3.1 billion.Says pretax profit excluding land related charges, gains or losses on extinguishment of debt and other non-recurring items such as legal settlements are expected to be between $40 million and $100 million for all of fiscal 2016.  Full Article

BRIEF-Hovnanian Enterprises reports Q3 loss of $2.28/shr

* Hovnanian Enterprises reports fiscal 2017 third quarter results