New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 12, 2013
12:25 EDTRYL, DHI, LEN, TOL, MDC, PHM, NVR, BZH, SPF, KBH, HOVHovnanian advances after results beat expectations
Shares of homebuilder Hovnanian (HOV) are climbing after the company reported stronger than expected results, and noted that its backlog had jumped 14%. WHAT'S NEW: Hovnanian earlier today reported fourth quarter earnings per share of 21c, compared with analysts' consensus estimate of 16c. The homebuilder's revenue also surpassed the consensus outlook. Moreover, Hovnanian reported that its contract backlog as of October 31 had jumped 14.3% versus the same period in 2012 to $848.4 million. "Although our sales slowed from July through September due to the adverse impacts of higher mortgage rates, the sequester and the government shutdown, we are happy to report that our sales improved back to prior year levels in October and exceeded last year's levels in November," said Hovnanian CEO Ara Hovnanian. The company's profitability should increase in fiscal 2014, as demand for new homes rises as a result of household formations, the CEO added. On its earnings conference call, the company said that most of its growth in profitability in fiscal 2014 will occur in the second half of the year. Also, the home builder stated that it expects to report a loss for the first quarter of 2014, due to seasonally low delivery volume. PRICE ACTION: In early afternoon trading, Hovnanian advanced 4.4% to $5.20. Other homebuilders were mixed in the down market, with Lennar (LEN) losing 0.7% to $34.80, KB Home (KBH) adding 0.5% to $17.20, Pulte Group (PHM) losing 0.3% to $18, and Ryland Group (RYL) rising 0.8% to $38.30.
News For HOV;KBH;SPF;BZH;NVR;PHM;MDC;TOL;LEN;DHI;RYL From The Last 14 Days
Check below for free stories on HOV;KBH;SPF;BZH;NVR;PHM;MDC;TOL;LEN;DHI;RYL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2014
15:32 EDTTOLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Toll Brothers (TOL), consensus 45c; Navistar (NAV), consensus (66c); G-III Apparel (GIII), consensus 16c; Vince Holding (VNCE), consensus 24c; Dorian LPG (LPG), consensus 1c.
14:45 EDTTOLToll Brothers September weekly volatility increases into Q3
Subscribe for More Information
14:16 EDTTOLToll Brothers technical comments before earnings
Subscribe for More Information
10:02 EDTPHMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:27 EDTPHMPulteGroup downgraded to Market Perform from Outperform at FBR Capital
Subscribe for More Information
05:40 EDTPHMPulteGroup downgraded to Market Perform from Outperform at FBR Capital
Subscribe for More Information
August 29, 2014
08:29 EDTHOVHovnanian volatility flat into Q3 and building outlook
Subscribe for More Information
August 28, 2014
15:02 EDTTOLToll Brothers September weekly volatility elevated into Q3
Toll Brothers September weekly call option implied volatility is at 30, September is at 25, October and January is at 24; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into its release of Q3 results on September 2.
11:54 EDTDHID.R. Horton management to meet with ISI Group
Meetings to be held in Canada September 3-4 hosted by ISI Group.
11:41 EDTBZHBeazer Homes management to meet with Sterne Agee
Subscribe for More Information
August 27, 2014
07:28 EDTBZHBeazer Homes management to meet with UBS
Meetings to be held in Dallas/Houston on August 27 hosted by UBS.
August 26, 2014
07:49 EDTPHMPulteGroup offers best risk/reward among homebuilders, says UBS
UBS believes PulteGroup offers the best risk/reward among homebuilders, citing its significant leverage, benefits of recent land acquisition, management's focus on controlling risk and returning cash to shareholders, and valuation. The firm has a Buy rating with a $25 price target on PulteGroup.
07:46 EDTBZHBeazer Homes management to meet with UBS
Subscribe for More Information
August 25, 2014
07:04 EDTPHMPulteGroup acquires Dominion Homes real estate assets
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use