M.D.C. Holdings, Inc. (MDC) Posts Quarterly Earnings Results, Beats Estimates By $0.55 EPS
M.D.C. Holdings, Inc. (NYSE:MDC) issued its quarterly earnings results on Thursday. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.55, Bloomberg Earnings reports. M.D.C. Holdings had a return on equity of 11.66% and a net margin of 6.09%. The business had revenue of $586.30 million for the quarter, compared to analyst estimates of $595.05 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year.
Shares of M.D.C. Holdings (MDC) traded down $4.14 during trading on Friday, hitting $33.15. The company’s stock had a trading volume of 1,002,485 shares, compared to its average volume of 512,009. The company has a quick ratio of 2.71, a current ratio of 9.45 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.70 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.13 and a beta of 1.38.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 3.02%. M.D.C. Holdings’s dividend payout ratio is presently 33.22%.
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MDC has been the subject of a number of recent analyst reports. Citigroup Inc. dropped their price objective on M.D.C. Holdings from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday. ValuEngine downgraded M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday. UBS AG initiated coverage on M.D.C. Holdings in a report on Wednesday, October 25th. They issued a “sell” rating and a $34.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of M.D.C. Holdings in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded M.D.C. Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.67.
M.D.C. Holdings Company Profile
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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