Is Hovnanian Enterprises, Inc.'s (NYSE:HOV) 35% ROE Better Than Average? [Yahoo! Finance]
Hovnanian Enterprises, Inc. Class A (HOV)
US:NYSE Investor Relations:
khov.com/investor-relations
Company Research
Source: Yahoo! Finance
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Hovnanian Enterprises, Inc. ( NYSE:HOV ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. See our latest analysis for Hovnanian Enterprises How Do You Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Hovnanian Enterprises is: 35% = US$211m ÷ US$607m (Based on the trailing twelve months to January 2024). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.35 in profit. Does Hovnanian Enterprises Have A Good
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News
- Hovnanian Enterprises' (NYSE:HOV) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises, Inc. (NYSE: HOV) had its "underperform" rating re-affirmed by analysts at Zelman & Associates.MarketBeat
- Hovnanian Enterprises Preferred Stock Diversity Comes With Risks [Seeking Alpha]Seeking Alpha
- Hovnanian Enterprises First Quarter 2024 Earnings: EPS: US$3.11 (vs US$2.37 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises, Inc. (NYSE: HOV) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
HOV
Sec Filings
- 3/22/24 - Form 4
- 3/22/24 - Form 8-K
- 3/21/24 - Form 144
- HOV's page on the SEC website