Stocks · Consumer Cyclical · Residential Construction
Hovnanian Enterprises, Inc. HOV
$116.20 +1.03% Close, Oct 2, 2026 · NYSE · Market cap $589.3M
High quality
Next earnings report: Dec 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $0.86, down 95.9% year over year.
- Operating margin widened to 20.9% from 5.4% a year earlier.
- The shares trade at 135.1× trailing earnings, higher than 95% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 9%
- EPS growth (TTM, YoY)Bottom 13%
- FCF growth (TTM, YoY)Top 22%
- Revenue growth, 3-year CAGRBottom 43%
- Revenue growth accelerationBottom 8%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 6%
- Gross marginBottom 41%
- Operating marginTop 8%
- Cash conversion (OCF / net income)Top 12%
- Accruals (lower is better)Top 39%
- Net debt / EBITDA (lower is better)Bottom 12%
- Interest coverTop 25%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 30%
- Free-cash-flow yieldTop 3%
- EBITDA / enterprise valueBottom 35%
- Sales / enterprise valueTop 10%
- P/E vs own 5-year history (lower is better)Bottom 7%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 40%
- 6-month returnTop 41%
- 1-year return vs S&P 500Bottom 45%
- Distance from 52-week highTop 38%
- Trend checklist (0–4)Top 34%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 6%
- Consecutive EPS beatsBottom 13%
- Share of analysts rating BuyBottom 2%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 36%
- Maximum drawdown, 3 yearsBottom 38%
- Beta vs S&P 500 (lower is better)Bottom 42%
- Net debt / EBITDA (lower is better)Bottom 12%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -4.7% | -10.1% | ↓ |
| EPS growth (YoY) | -87.6% | -95.9% | ↓ |
| Gross margin | 16.5% | 32.0% | ↑ |
| Operating margin | 5.4% | 20.9% | ↑ |
| FCF margin | 3.6% | 7.0% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -10.1% | -4.7% | ↓ | Bottom 9% |
| EPS growth (TTM, YoY) | -95.9% | -87.6% | ↓ | Bottom 13% |
| Gross margin | 32.0% | 16.5% | ↑ | Bottom 41% |
| Operating margin | 20.9% | 5.4% | ↑ | Top 8% |
| Net margin | 0.6% | 5.1% | ↓ | — |
| Free-cash-flow margin | 7.0% | 3.6% | ↑ | — |
| Return on invested capital | 23.4% | — | Top 6% | |
| Revenue growth, 3-year CAGR | 0.6% | — | Bottom 43% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -7.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -89.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 8.43×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 12.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 3.12%
- Shareholder yield
- 3.12%
- Share count change, 1 year
- +0.2%
- Share count change, 3-year CAGR
- -1.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 31, 2026 (filed Aug 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 4 of 7
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -6.6%
- Positive 20 days after report
- 2 of 8
Analysts
- Analysts with a rating
- 12
- Share rating Buy or Strong Buy
- 8%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 20, 2026 | -25.0% | -7.5% | +0.5% | -8.7% | — |
| May 21, 2026 | +77.5% | +17.8% | +13.7% | +34.5% | +33.3% |
| Feb 25, 2026 | +367.3% | +2.6% | -2.3% | -10.3% | -20.2% |
| Dec 4, 2025 | +846.0% | -22.5% | -24.9% | -27.0% | -10.4% |
| Aug 21, 2025 | -43.3% | -11.5% | -6.2% | +0.4% | -19.5% |
| May 20, 2025 | -0.8% | -12.5% | -11.3% | -14.2% | +42.2% |
| Feb 24, 2025 | +32.1% | -12.4% | -16.3% | -12.2% | -9.6% |
| Dec 5, 2024 | — | -6.7% | -13.8% | -31.7% | -45.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 20, 2026 | -$0.70 | -$0.56 | -25.0% | $705.7M |
| May 21, 2026 | -$0.46 | -$2.04 | +77.5% | $667.6M |
| Feb 25, 2026 | $2.62 | -$0.98 | +367.3% | $632.0M |
| Dec 4, 2025 | $5.96 | $0.63 | +846.0% | $817.9M |
| Aug 21, 2025 | $1.99 | $3.51 | -43.3% | $800.6M |
| May 20, 2025 | $2.43 | $2.45 | -0.8% | $686.5M |
| Feb 24, 2025 | $3.58 | $2.71 | +32.1% | $673.6M |
| Dec 5, 2024 | $12.79 | — | — | $979.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 135.1× | 4.1× | 95th | Bottom 30% |
| P/E (forward) | 29.1× | — | — | — |
| EV / EBITDA | 15.8× | — | — | Bottom 35% |
| EV / Sales | 0.45× | — | — | Top 10% |
| Free-cash-flow yield | 33.56% | — | — | Top 3% |
| Earnings yield | 0.74% | — | — | Bottom 30% |
P/E over the past five years
Range 0.9× – 150.9× since Jul 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -11.5%
- Earnings per share growth (TTM)
- -95.9%
- Change in P/E multiple
- +2135.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -5.1%
- 200-day average slope (20 days)
- +0.1%
- Distance from 50-day average
- -6.4%
- Distance from 200-day average
- -1.5%
- RSI (14)
- 47.4
- Relative volume
- 1.31×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 49.4%
- Volatility vs own 5-year history
- 5th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.11
- Correlation with S&P 500
- 0.29
- Current drawdown from 1-year high
- -21.2%
- Maximum drawdown, 3 years
- -63.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 27, 2021 | Oct 20, 2022 | -76.7% | 353 days | 288 days (Dec 13, 2023) |
| Aug 22, 2024 | May 22, 2025 | -63.1% | 187 days | Not yet recovered |
| Jan 30, 2024 | Apr 17, 2024 | -27.9% | 54 days | 20 days (May 15, 2024) |
| May 15, 2024 | Jul 2, 2024 | -25.3% | 32 days | 9 days (Jul 16, 2024) |
| Nov 25, 2020 | Jan 5, 2021 | -23.6% | 26 days | 13 days (Jan 25, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $589.3M
- P/E (TTM)
- 135.1
- EPS, diluted (TTM)
- $0.86
- Revenue (TTM)
- $2.82B
- 52-week range
- $91.52 – $148.48
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.78B | $2.92B | $2.76B | $3.00B | $2.98B |
| Gross profit | $540.8M | $643.4M | $580.1M | $601.8M | $420.7M |
| Operating income | $264.2M | $347.3M | $276.9M | $259.6M | $70.8M |
| Net income | $607.8M | $225.5M | $205.9M | $242.0M | $63.9M |
| EPS (diluted) | $85.86 | $29.00 | $26.88 | $31.79 | $7.43 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $979.6M | $673.6M | $686.5M | $800.6M | $817.9M | $632.0M | $667.6M | $705.7M |
| Net income | $94.3M | $28.2M | $19.7M | $16.6M | -$667,000 | $20.9M | -$284,000 | -$1.8M |
| EPS (diluted) | $12.79 | $3.58 | $2.43 | $1.99 | -$0.60 | $2.62 | -$0.46 | -$0.70 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $210.2M | $89.5M | $435.3M | $23.6M | $188.3M |
| Capital expenditure | -$5.9M | -$12.6M | -$18.8M | -$17.9M | -$22.1M |
| Free cash flow | $204.3M | $76.9M | $416.5M | $5.8M | $166.2M |
| Dividends paid | -$818,000 | -$782,000 | $0 | $0 | $0 |
| Net share buybacks | $0 | -$12.2M | -$4.8M | -$26.5M | -$30.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $258.3M
- Total assets
- $2.86B
- Total liabilities
- $2.04B
- Total debt
- $934.9M
- Net debt
- $676.6M
- Shareholders’ equity
- $818.7M
As of Jul 31, 2026 (filed Aug 28, 2026).
Short interest
- Shares sold short
- 433,768
- Days to cover
- 3.88
- Change vs previous report
- +1.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 29, 2019
- 1-for-25
- Mar 29, 2004
- 2-for-1
- Apr 14, 1987
- 2-for-1
- Aug 4, 1986
- 3-for-2
- Mar 10, 1986
- 3-for-2