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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
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