Hovnanian Enterprises, Inc.
Description
Hovnanian Enterprises, Inc., through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters. It also provides mortgage loans, title insurance, and homeowner's insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey.
About
CEO
Mr. Ara K. Hovnanian
Employees
1,715
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Residential Construction
MIC code
XNYS
Address
90 Matawan Road, Matawan, NJ 07747, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 3, 2025 | — | — | — | — |
| Aug 20, 2025 | — | — | — | — |
| May 20, 2025 | — | — | — | — |
| Feb 20, 2025 | — | — | — | — |
| May 31, 2023 | — | 4.47 | — | — |
Earnings estimate
|
Current Quarter
(Jan 2025)
|
Next Quarter
(Apr 2025)
|
Current Year
(Oct 2025)
|
Next Year
(Oct 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 1 | 1 | 1 |
| Average estimate | 2.71 | 7.52 | 29.91 | 33.34 |
| Low estimate | 2.71 | 7.52 | 29.91 | 33.34 |
| High estimate | 2.71 | 7.52 | 29.91 | 33.34 |
| Last year EPS | — | — | 31.79 | 29.91 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Jan 2025)
—
Next qtr. (Apr 2025)
—
Current year (Oct 2025)
—
Next year (Oct 2026)
11.470%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 |
| Total reported revenue | 3.00B | 2.76B | 2.92B | 2.78B | 2.34B |
| Cost of revenue | 2.41B | 2.18B | 2.28B | 2.24B | 1.97B |
| Gross profit | 590.23M | 580.14M | 643.43M | 540.80M | 372.21M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 342.23M | 304.77M | 296.15M | 276.59M | 241.81M |
| Other operating expenses | — | — | — | 1.74M | 1.10M |
| Operating income | 248.01M | 275.36M | 347.28M | 264.22M | 130.40M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 30.75M | 54.08M | 47.34M | 77.72M | 103.80M |
| Other income expense | 99.84M | 34.67M | 19.82M | 3.36M | 28.81M |
| Pretax income | 317.09M | 255.95M | 319.75M | 189.86M | 55.40M |
| Tax provision | 75.08M | 50.06M | 94.26M | -417.96M | 4.48M |
| Net income | 242.01M | 205.89M | 225.49M | 607.82M | 50.93M |
| Basic EPS | — | 28.76 | 30.31 | 87.50 | 7.48 |
| Diluted EPS | — | 26.88 | 29.00 | 85.86 | 7.03 |
| Basic average shares | — | 6.23M | 6.44M | 6.29M | 6.19M |
| Diluted average shares | — | 6.23M | 6.44M | 6.29M | 6.19M |
| EBITDA | 354.20M | 344.47M | 379.35M | 276.61M | 151.17M |
| Net income from continuing op. | 242.01M | 205.89M | 225.49M | 607.82M | 50.93M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 8.45M | 16.03M | 19.70M | 57.68M | 4.65M |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 |
| Total assets | 2.61B | 2.49B | 2.56B | 2.32B | 1.83B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 209.98M | 434.12M | 326.20M | 245.97M | 262.49M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 29.40M | 27.98M | 37.84M | 39.93M | 33.69M |
| Other receivables | — | — | — | — | — |
| Inventory | 1.64B | 1.35B | 1.52B | 1.25B | 1.20B |
| Prepaid assets | — | 69.89M | 63.88M | 56.19M | 38.26M |
| Restricted cash | 7.88M | 8.43M | 13.38M | 16.09M | 14.73M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 10.90M | 10.12M | 10.74M | 36.47M | 35.76M |
| Land and improvements | 1.29M | 1.56M | 1.64M | 1.64M | 1.64M |
| Machinery furniture equipment | 65.87M | 53.42M | 33.63M | 4.21M | 4.36M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -56.67M | -55.05M | -51.90M | -48.56M | -46.36M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 142.91M | 97.89M | 74.94M | 60.90M | 103.16M |
| Other non current assets | 527.18M | 541.39M | 564.67M | 628.44M | 141.04M |
| Total liabilities | 1.81B | 1.91B | 2.18B | 2.15B | 2.26B |
| Current liabilities | |||||
| Accounts payable | 433.27M | 415.48M | 439.95M | 426.38M | 148.54M |
| Accrued expenses | 14.51M | 26.93M | 32.42M | 28.15M | 46.24M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | 41.64M | 51.42M | 74.02M | 68.30M | 48.29M |
| Tax payable | 5.48M | 1.86M | 3.17M | 3.85M | 3.83M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 986.89M | 1.14B | 1.29B | 1.37B | 1.59B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 323.43M | 272.44M | 338.07M | 244.98M | 270.63M |
| Shareholders equity | |||||
| Common stock | 72,000 | 70,000 | 69,000 | 68,000 | 67,000 |
| Retained earnings | 74.14M | -157.20M | -352.41M | -567.23M | -1.18B |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 800.35M | 581.79M | 383.05M | 175.38M | -436.09M |
| Additional paid in capital | 749.75M | 735.95M | 727.66M | 722.12M | 718.11M |
| Treasury stock | 158.91M | 132.38M | 127.58M | 115.36M | 115.36M |
| Minority interest | — | 53,000 | 15,000 | 487,000 | 835,000 |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1994 | 1993 | 1992 | 1991 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | 242.01M | 205.89M | 225.49M | 607.82M | 50.93M | -42.12M | 4.52M | -332.19M | -2.82M | -16.10M | 307.14M | 31.30M | -66.20M | -286.09M | 2.59M | -716.71M | -1.12B | -627.12M | 149.53M | 471.85M | 348.68M | 257.38M | 137.70M | 63.69M | 33.16M | 30.08M | 26.20M | -7.00M | 17.30M | 14.10M | -10.40M | 18.65M | 9.79M | 2.48M | -15.20M | 21.80M |
| Depreciation | 7.73M | 8.80M | 5.46M | 5.28M | 5.30M | 4.17M | 3.16M | 4.25M | 3.57M | 3.39M | 3.42M | 4.71M | 6.22M | 9.34M | 12.58M | 18.53M | 55.31M | 181.48M | 70.74M | 55.87M | 35.68M | 15.62M | 6.51M | 11.93M | 8.94M | 6.58M | 4.30M | 5.00M | 5.20M | 4.10M | 2.50M | 3.04M | 2.92M | 2.89M | 2.90M | 3.30M |
| Deferred Taxes | — | — | — | — | — | — | — | 285.58M | 6.85M | -4.69M | -287.74M | — | — | — | — | — | 105.30M | 85.61M | -151.07M | -20.82M | -21.50M | 4.22M | -18.31M | -6.27M | 2.55M | 3.06M | 2.00M | -4.60M | -800,000 | 1.80M | -1.00M | -1.57M | -195,000 | 391,000 | -3.90M | -4.70M |
| Stock-Based Compensation | 25.27M | 14.23M | 10.28M | 7.67M | 2.78M | 721,000 | 3.67M | 557,000 | 2.92M | 8.82M | 10.28M | 6.84M | 6.45M | 6.22M | 8.71M | 13.22M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -19.73M | -17.25M | 40.45M | -46.07M | 63.66M | -27.16M | 10.55M | 46.53M | -21.93M | -23.30M | 27.94M | 11.91M | 12.13M | 6.05M | — | 15.69M | 750.35M | 479.87M | 351.68M | 18.05M | — | — | — | — | — | 100,000 | -700,000 | 100,000 | 100,000 | — | 500,000 | 1.88M | — | — | -100,000 | 100,000 |
| Accounts Receivable | -11.90M | 11.30M | -2.63M | -3.02M | 20.52M | -15.91M | 20.67M | 5.25M | 22.91M | — | — | 4.07M | -44.85M | 14.15M | -16.78M | 21.06M | 91.96M | 99.35M | -70.64M | -1.79M | -19.58M | -140.04M | 53.43M | -42.57M | -27.70M | 46.01M | -12.70M | -4.00M | -15.30M | -24.40M | 26.90M | -28.05M | -38.05M | 5.78M | 3.50M | 10.60M |
| Accounts Payable | -349,000 | -59.55M | 7.71M | 71.37M | 33.58M | -2.67M | -31.39M | -21.88M | 13.09M | -10.59M | 59.27M | 19.31M | -1.58M | -63.95M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.29M | 2.88M | -660,000 | — | — |
| Other Assets & Liabilities | -138.05M | 290.72M | -192.39M | -441.18M | 100.31M | -250.11M | -60.76M | 284.45M | 286.59M | -327.19M | -297.21M | -48.49M | -26.84M | -21.55M | 34.49M | 459.70M | 544.61M | -159.63M | -1.01B | -577.43M | -587.61M | -309.70M | 27.73M | 8.30M | -87.65M | -49.08M | 42.10M | -50.40M | 34.50M | -16.00M | -135.60M | -87.89M | -48.11M | 18.53M | -12.10M | -21.20M |
| Operating Cash Flow | 104.98M | 454.13M | 94.36M | 201.86M | 277.08M | -333.07M | -49.58M | 272.54M | 311.17M | -369.67M | -176.91M | 29.66M | -114.66M | -335.83M | 41.58M | -188.53M | 422.94M | 59.56M | -655.24M | -54.27M | -244.32M | -172.51M | 207.05M | 35.08M | -70.70M | 36.74M | 61.20M | -60.90M | 41.00M | -20.40M | -117.10M | -86.66M | -70.76M | 29.41M | -24.90M | 9.90M |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -16.44M | -16.86M | -12.53M | -5.91M | -3.27M | -3.98M | 33.11M | -6.21M | -7.24M | -481,000 | -2.91M | 5.81M | -1.85M | 515,000 | -1.98M | 319,000 | -1.40M | -36.24M | -51.12M | -309.28M | -102.92M | -194.97M | -6.28M | -1.45M | -14.09M | 4.87M | 27.30M | 11.80M | 4.40M | -4.50M | 2.10M | -2.48M | -3.44M | -424,000 | 5.80M | 4.10M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -34.44M | -77.82M | 35,000 | -16.55M | -19.92M | -13.26M | -26.27M | -36.80M | -49.91M | -18.71M | -21.70M | -4.91M | -4.74M | -4.07M | — | — | — | — | — | — | — | — | -137.58M | -37.91M | -3.85M | -12.25M | — | — | — | — | — | 204,000 | 204,000 | -3.01M | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | -4.74M | -4.07M | -5.26M | -32.19M | -16.84M | -30.09M | -29.11M | -141.45M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.23M | 11.96M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -50.88M | -94.68M | -12.49M | -22.46M | -23.19M | -17.23M | 6.84M | -40.46M | -54.24M | -14.64M | -25.26M | 5.48M | -6.24M | -2.88M | 7.21M | -19.91M | -1.64M | -32.39M | -74.54M | -449.41M | -120.77M | -197.76M | -159.69M | -39.73M | -17.94M | -7.13M | 23.70M | 900,000 | 6.10M | -11.70M | -700,000 | -2.23M | -3.32M | -6.19M | -3.20M | -17.90M |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 426.89M | 1.03B | 663.87M | 295.82M | 365.84M | 1.03B | 425.22M | 1.08B | 597.68M | 537.45M | 370.00M | 208.97M | 998.56M | 180.49M | 9.13M | 752.05M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 652.64M | 355.34M | 183.34M | — | — |
| Long-Term Debt Payments | -594.28M | -1.28B | -646.48M | -557.47M | -645.33M | -839.17M | -646.62M | -1.21B | -831.88M | -218.53M | -220.62M | -187.48M | -916.53M | -223.92M | -117.24M | -1.12B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -609.69M | -319.27M | -246.55M | — | — |
| Other Financing Charges | -3.97M | -13.87M | -10.23M | -2.55M | -13.28M | -16.07M | -8.04M | -14.56M | -11.47M | -9.02M | -11.95M | -5.07M | -38.26M | -5.40M | -1.66M | — | -6.31M | 2.34M | 7.86M | — | — | — | — | — | — | 100,000 | 2.20M | 1.50M | 8.90M | 8.10M | 10.30M | 10.60M | 11.24M | 7.24M | 1.10M | 1.90M |
| Financing Cash Flow | -187.93M | -261.71M | -57.14M | -217.27M | -345.85M | 206.71M | -281.43M | -147.84M | -245.67M | 309.91M | 137.43M | 16.42M | 148.75M | 65.87M | -91.98M | -400.66M | 120.77M | -11.68M | -28.09M | 98.90M | -2.58M | -10.00M | 1.03M | -2.71M | -6.31M | -6.19M | -600,000 | -6.40M | 8.90M | 8.20M | 10.30M | 53.97M | 47.47M | -41.88M | 1.10M | 800,000 |
| Other Cash Details | ||||||||||||||||||||||||||||||||||||
| End Cash Position | 266.76M | 477.52M | 382.19M | 311.40M | 309.46M | 182.27M | 232.99M | 493.74M | 369.71M | 253.75M | 261.90M | 329.20M | 273.23M | 250.74M | 367.18M | 426.69M | 848.06M | 16.23M | 54.32M | 211.27M | 78.02M | 128.22M | 269.99M | 16.15M | 43.25M | 19.37M | 15.60M | 11.30M | — | — | — | 23.27M | 10.21M | 12.28M | — | — |
| Income Tax Paid | 9.69M | 9.41M | 14.06M | 7.67M | 3.01M | 3.48M | 2.52M | 1.09M | — | 1.78M | 538,000 | — | 103,000 | 28.01M | 253.43M | 145.44M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3.87M | — | — | — | — |
| Interest Paid | 47.80M | 62.58M | 44.87M | 87.23M | 89.48M | 109.11M | 112.02M | 89.84M | 101.80M | 85.72M | 85.39M | 86.26M | 101.46M | — | — | 244.84M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 25.17M | 19.55M | 22.30M | — | — |
| Free Cash Flow | 5.78M | 416.45M | 76.87M | 204.27M | 289.45M | -253.13M | -72.02M | 295.10M | 378.99M | -322.59M | -194.01M | 7.71M | -72.06M | -208.24M | 30.03M | -30.48M | 456.83M | 24.19M | -702.22M | -341.62M | -285.11M | -380.70M | 241.64M | 30.29M | -76.25M | 22.10M | 59.10M | -35.40M | 31.00M | -17.70M | -110.90M | -26.67M | -51.19M | 16.77M | -16.60M | 12.50M |
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Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript
Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2024 Earnings Conference Call December 5, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Austin Hopper - AWH Capital Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 Fourth Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
Dec 5, 2024
