Hovnanian Enterprises (NYSE:HOV) Full Year 2022 Results
Key Financial Results
- Revenue: US$2.92b (up 5.0% from FY 2021).
- Net income: US$214.8m (down 61% from FY 2021).
- Profit margin: 7.4% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses.
- EPS: US$33.37 (down from US$87.51 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hovnanian Enterprises shares are down 11% from a week ago.
Don’t forget that there may still be risks. For instance, we’ve identified 4 warning signs for Hovnanian Enterprises (1 is significant) you should be aware of.
What are the risks and opportunities for Hovnanian Enterprises?
Trading at 65.4% below our estimate of its fair value
Debt is not well covered by operating cash flow
Shareholders have been diluted in the past year
Profit margins (7.4%) are lower than last year (19.8%)
Volatile share price over the past 3 months
View all Risks and Rewards
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