M.D.C. Holdings, Inc. (MDC) to Release Earnings on Monday

M.D.C. Holdings, Inc. (NYSE:MDC) is scheduled to post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect M.D.C. Holdings to post earnings of $0.61 per share for the quarter.

M.D.C. Holdings (NYSE:MDC) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. M.D.C. Holdings had a net margin of 4.76% and a return on equity of 9.25%. The company had revenue of $648.97 million during the quarter, compared to analysts’ expectations of $623.95 million. During the same period in the prior year, the company earned $0.55 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts expect M.D.C. Holdings to post $2.69 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.

Shares of M.D.C. Holdings, Inc. (MDC) opened at 36.42 on Friday. The firm’s 50-day moving average is $33.62 and its 200-day moving average is $33.56. The company has a market capitalization of $1.89 billion, a PE ratio of 15.43 and a beta of 1.34. M.D.C. Holdings, Inc. has a 12-month low of $22.31 and a 12-month high of $36.96.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, November 7th.

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In related news, Director David E. Blackford sold 26,250 shares of M.D.C. Holdings stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $36.11, for a total transaction of $947,887.50. Following the completion of the sale, the director now owns 40,928 shares of the company’s stock, valued at approximately $1,477,910.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 25.30% of the company’s stock.

A number of research analysts have recently commented on the stock. UBS AG assumed coverage on shares of M.D.C. Holdings in a research report on Wednesday. They issued a “sell” rating and a $34.00 price objective for the company. Zacks Investment Research raised shares of M.D.C. Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of M.D.C. Holdings in a research report on Tuesday, September 26th. Wells Fargo & Company raised shares of M.D.C. Holdings from an “underperform” rating to a “market perform” rating and set a $30.00 price objective for the company in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of M.D.C. Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. M.D.C. Holdings presently has an average rating of “Hold” and a consensus price target of $30.00.

About M.D.C. Holdings

M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.

Earnings History for M.D.C. Holdings (NYSE:MDC)

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