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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.
Risk Analysis
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?
Hovnanian Enterprises, Inc. engages in the design, construction, marketing, and sale of residential homes in the United States.
View Full Analysis
Rewards
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Trading at 65.4% below our estimate of its fair value
Risks
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Debt is not well covered by operating cash flow
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Shareholders have been diluted in the past year
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Profit margins (7.4%) are lower than last year (19.8%)
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Volatile share price over the past 3 months
View all Risks and Rewards
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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