Commercial Products Roundup: Hovnanian Enterprises, CEMEX SAB De CV

New York, NY -- (SBWIRE) -- 12/13/2012 -- Hovnanian Enterprises, Inc. (HOV) designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes in planned residential developments.

Hovnanian Entrpr (NYSE:HOV) posted its quarterly earnings results on Thursday. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.53. The company had revenue of $461.11 million for the quarter, compared to the consensus estimate of $461.11 million. During the same quarter in 2011, the company posted ($0.90) earnings per share. The company’s quarterly revenue was up 42.6% on a year-over-year basis.

Shares of Hovnanian Entrpr (HOV) traded down 3.46% during mid-day trading on Thursday, hitting $5.30. Hovnanian Entrpr (HOV) has a one year low of $1.27 and a one year high of $5.80. The company’s market cap is $701.1 million.

For earnings history and earnings-related data on Hovnanian Enterprises Inc. click here.

Morgan Stanley upgraded shares of Cemex SAB de CV (NYSE:CX) from an underweight rating with an equal weight rating in a research report released on Tuesday morning.

Shares of Cemex SAB de CV opened at 9.06 on Tuesday. Cemex SAB de CV has a one year low of $4.5096 and a one year high of $9.48. The company’s market cap is $10.124 billion.

A number of other analysts also recently weighed in on CX. Analysts at Barclays Capital raised their price target on shares of Cemex SAB de CV from $8.00 to $10.00 in a research note to investors on Wednesday, November 14th. They now have an equal weight rating on the stock. Analysts at Imperial Capital reiterated an in-line rating on shares of Cemex SAB de CV in a research note to investors on Tuesday, September 18th.

For a FREE INSTANT ANALYSIS of CX, please visit

DISCLAIMER
Neither PennyStocksUpdate.biz nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by PennyStocksUpdate.biz, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation.PennyStocksUpdate.biz makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through PennyStocksUpdate.biz. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned here in..

Contact:
PennyStocksUpdate.biz
info@pennystocksupdate.biz