The Boeing Company (NYSE:BA)- Stocks having Bumpy Ride for the Day: Hovnanian Enterprises (NYSE:HOV)

The Boeing Company (NYSE:BA) also run on active notice, stock price moved down -0.49% after traded at $158.32 in most recent trading session. Despite indicators that order market for new commercial aircraft is already beginning to agreement, the Boeing Co. has set itself up for what could be a record delivery year in 2017.

Boeing (BA) last week declared that it met its 2016 goal with 748 deliveries on the year, though it fell short on the mark it hoped to hit for orders, a slowing of demand that some industry observers believe is a sign that the order boom of recent years is past its peak. But, even if that proves to be true, the narrow-body driven backlog Boeing has created during the boom should meld with increasing production rates on those same aircraft to help the aerospace giant deliver more planes than it ever has before in the ensuing 12 months. That increase would equal around 60 more aircraft built and delivered this year compared to last.

BA has price to earnings ratio of 24.08 and the price to current year EPS stands at 0.80%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 31.23%. The earning yield also gives right direction to lure investment, as the co has 3.59% dividend yield. Moving toward ratio analysis, it has current ratio of 1.30 and quick ratio was calculated as 0.40. The debt to equity ratio appeared as 5.01 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 1.08% for a week and 1.37% for a month. The price volatility’s Average True Range for 14 days was 2.14. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.30 out of 1-5 scale with week’s performance of 1.70%. BA’s institutional ownership was registered as 73.60%, while insider ownership was 0.10%.

Hovnanian Enterprises, Inc. (NYSE:HOV) persists its position slightly strong in context of buying side, while shares price moved down remains unchanged during latest trading session.

Hovnanian Enterprises, Inc. (HOV) recently results for its fiscal fourth quarter and year ended October 31, 2016. Total revenues were $805.1 million in the fourth quarter of fiscal 2016, an increase of 16.1% compared with $693.2 million in the fourth quarter of fiscal 2015. For the year ended October 31, 2016, total revenues surged 28.1% to $2.75 billion compared with $2.15 billion in the prior year. After paying off $320.0 million of debt that matured in October 2015, January 2016 and May 2016, total liquidity at the end of the fourth quarter of fiscal 2016 was $346.6 million. “For fiscal 2016, we grew revenues by 28%, reduced our SG&A ratio by 250 basis points, paid off $260 million of public debt at maturity and returned to profitability. Nonetheless, fiscal 2016 was a very challenging year,” stated Ara K. Hovnanian, Chairman of the Board, President and Chief Executive Officer.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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