On Monday, Hovnanian Enterprises, Inc. (NYSE:HOV)’s shares inclined 0.75% to $2.69.
Hovnanian Enterprises, Inc. (HOV) which has witnessed a noteworthy price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in HOV.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, contrast with no upward revisions. This trend has caused the consensus estimate to trend lower, going from earnings of 4 cents a share a month ago to its current level of a loss of 5 cents.
Also, for the current quarter, Hovnanian Enterprises has seen 1 downward estimate revision as compared to no revisions in the opposite direction, dragging the consensus estimate down to the break-even point from 4 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 12.5% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters in 201 communities in 34 markets.
Masco Corporation (NYSE:MAS)’s shares dropped -1.08% to $27.45.
Masco Corporation (MAS) declared that its Board of Directors has approved the formerly-declared spin-off of TopBuild Corp. (BLD), which will, upon completion of the spin-off, hold the assets and operations of Masco’s Installation and Other Services businesses.
In the spin-off, Masco will distribute 100% of the shares of common stock of TopBuild. The distribution of TopBuild shares is predictable to be accomplished after the New York Stock Exchange market closing on June 30, 2015, with Masco stockholders receiving one share of TopBuild common stock for every nine shares of Masco common stock held at the close of business on the record date of June 19, 2015. Following the distribution of TopBuild common stock, TopBuild will be an independent, publicly-traded company. TopBuild has received approval for the listing of its common stock on the New York Stock Exchange under the symbol “BLD.”
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. The company’s Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bathing units, and toilets; acrylic tub and shower systems, bath and shower enclosure units, shower trays, and laundry tubs, in addition to spas; and brass and copper plumbing system components, and other plumbing specialties.
At the end of Monday’s trade, Axiall Corp (NYSE:AXLL)‘s shares surged 5.56% to $39.70.
Axiall Corp (AXLL) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AXLL broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 6.4% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AXLL stock.
If that wasn’t enough, Axiall isn’t looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Axiall Corporation manufactures and markets chemicals and building products in the United States and internationally. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics. The Chlorovinyls segment produces chlor-alkali and derivative products, counting chlorine, caustic soda, vinyl chloride monomer, and vinyl resins; other chlor-alkali and derivative products comprising chlorinated ethylene, calcium hypochlorite, hydrochloric acid, and phosgene derivatives; and compound products, such as vinyl compounds, and compound additives and plasticizers.
Aramark (NYSE:ARMK), ended its Monday’s trading session with 0.16% gain, and closed at $30.99.
Mesa Verde National Park has been named Best Cultural Attraction by Sunset magazine, the premier guide to living and traveling in the West. As the park’s concessioner, Aramark (ARMK) is proud to provide the hospitality, interpretive and educational services which all contributed to this recognition.
The 700 Years Tour, operated by Aramark, is a chronological journey through the lives of the Ancestral Puebloans. The tour provides the ideal way to experience this award-winning cultural destination.
In 1906 President Theodore Roosevelt established Mesa Verde National Park as the first National Park created to “preserve the works of man.” The park contains the archaeological sites built by the Ancestral Pueblo people, who inhabited Mesa Verde from 550 A.D. to 1300 A.D. Mesa Verde is home to over 5,000 historic archaeological sites counting 600 cliff dwellings. The 700 Years Tour provides a historical view of the Puebloans counting the architectural, horticultural, cultural and religious aspects of their lives. Guests enjoy a chronological journey, starting with the earliest recorded Pithouse villages and moving to the classic Pueblo era cliff dwellings. Cliff Palace, which at 150 rooms is the largest cliff dwelling in North America, is a must see destination.
Tours of Mesa Verde National Park depart from Far View Lodge, the only lodging destination in the park, and comprise a four hour guided tour, short hikes to archaeological sites and a walking tour of Cliff Palace. In addition to the tours, there are a variety of great hiking trails for the novice or practiced hiker. Wildlife watching is also plentiful with an opportunity to spot mule deer, turkeys, coyote, gray fox, black bear, elk, marmot, or even a porcupine. At night, stargazing is a popular pastime. Since there are no large cities in the Four Corners region, there is very little artificial light to detract from seeing the stars.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients primarily in North America. The company offers managed services, counting dining, catering, food service administration, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction administration, and capital project administration.
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