Stock Losers: Hovnanian Enterprises, Walter Energy, Owens Corning, Eagle Materials

Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Hovnanian Enterprises, Inc. (NYSE:HOV) stock dropped 8.16% to $5.29. The company will release financial results for the first quarter ended January 31, 2013 the morning of Wednesday, March 6, 2013. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, March 6, 2013.

Additionally, the company announced that senior management will be presenting at the J.P. Morgan Global High Yield & Leveraged Finance Conference on Tuesday, February 26, 2013 at 2:00 p.m. ET.

How Should Investors Trade HOV After The Recent Movement? Find Out Here

Walter Energy, Inc. (NYSE:WLT) shares declined 8.01% to $36.76 after the company yesterday reported a fourth quarter loss of $71 million, or $1.13 a share, compared with a year-earlier profit of $80.3 million, or $1.28 a share. Revenue slipped 32% to $478.8 million, primarily due to reduced demand and pricing for met coal. Analysts had projected a loss of 89 cents a share and revenue of $511 million.

Is WLT Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Owens Corning (NYSE:OC) shares dropped 7.91% and closed at $39.91 in the last trading session after the company yesterday reported fourth-quarter net loss of $56 million or $0.47 per share, compared with net earnings of $50 million or $0.41 per share in the prior year. Adjusted earnings for the quarter were $13 million or $0.11 per share, compared with $48 million or $0.40 per share a year. Analysts expected earnings of $0.16 per share for the quarter. Net sales for the quarter fell to $1.16 billion from $1.20 billion in the prior year. Analysts on consensus estimated revenues of $1.16 billion.

Is OC a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Eagle Materials, Inc. (NYSE:EXP) shares declined 7.91% to $62.21. The company, on Feb. 6, posted third-quarter net earnings of $17.98 million or $0.37 per share, compared with $2.90 million or $0.07 per share in the year-ago quarter. Adjusted earnings for the latest quarter were $0.43 per share, up from $0.20 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share. Quarterly revenues rose 33% to $164.74 million from $123.60 million in the comparable quarter last year, while analysts expected revenues of $154.78 million for the quarter.

Additionally, Eagle Materials stock was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors last week. They currently have a $70.50 target price on the stock.

How Should Investors Trade EXP After The Latest Earnings Report? Find Out Here

About bestdamnpennystocks.com
Best Damn Penny Stocks’ team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.

Disclaimer
The assembled information disseminated by Bestdamnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Bestdamnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in Bestdamnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.