M.D.C. Holdings, Inc. (MDC) Scheduled to Post Quarterly Earnings on Monday
M.D.C. Holdings, Inc. (NYSE:MDC) is set to announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $648.97 million during the quarter, compared to analysts’ expectations of $623.95 million. M.D.C. Holdings had a net margin of 4.76% and a return on equity of 9.25%. M.D.C. Holdings’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, analysts expect M.D.C. Holdings to post $2.67 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.
Shares of M.D.C. Holdings, Inc. (NYSE MDC) opened at 36.34 on Monday. M.D.C. Holdings, Inc. has a 52 week low of $21.25 and a 52 week high of $36.96. The company’s 50-day moving average is $33.24 and its 200-day moving average is $33.38. The firm has a market cap of $1.89 billion, a PE ratio of 15.40 and a beta of 1.34.
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Several equities analysts have recently issued reports on MDC shares. Bank of America Corporation reissued an “underperform” rating and set a $27.00 price target (up previously from $24.00) on shares of M.D.C. Holdings in a report on Wednesday, June 28th. BidaskClub raised shares of M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 29th. Zacks Investment Research downgraded shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Deutsche Bank AG boosted their price target on shares of M.D.C. Holdings from $27.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, KeyCorp reissued a “hold” rating on shares of M.D.C. Holdings in a report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. M.D.C. Holdings presently has an average rating of “Hold” and an average price target of $29.00.
In related news, Director David E. Blackford sold 26,250 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $36.11, for a total value of $947,887.50. Following the completion of the sale, the director now owns 40,928 shares of the company’s stock, valued at $1,477,910.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 25.30% of the company’s stock.
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.
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