Wall Street analysts forecast that M.D.C. Holdings, Inc. (NYSE:MDC) will announce sales of $731.22 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for M.D.C. Holdings’ earnings. The lowest sales estimate is $706.00 million and the highest is $761.67 million. M.D.C. Holdings posted sales of $736.33 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.7%. The business is scheduled to issue its next earnings report on Wednesday, February 7th.

On average, analysts expect that M.D.C. Holdings will report full year sales of $731.22 million for the current fiscal year, with estimates ranging from $2.56 billion to $2.61 billion. For the next year, analysts anticipate that the business will report sales of $2.83 billion per share, with estimates ranging from $2.71 billion to $2.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover M.D.C. Holdings.

M.D.C. Holdings (NYSE:MDC) last posted its earnings results on Thursday, November 2nd. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.55. M.D.C. Holdings had a net margin of 6.09% and a return on equity of 11.66%. The firm had revenue of $586.30 million during the quarter, compared to analyst estimates of $595.05 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue was up 1.4% compared to the same quarter last year.

MDC has been the subject of a number of research reports. BidaskClub lowered shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine downgraded shares of M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. 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. Citigroup Inc. lowered their price target on shares of M.D.C. Holdings from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Finally, 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 target on the stock in a report on Wednesday, August 30th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.33.

Institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA grew its holdings in shares of M.D.C. Holdings by 80,713.5% in the second quarter. Federated Investors Inc. PA now owns 244,865 shares of the construction company’s stock worth $8,651,000 after purchasing an additional 244,562 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of M.D.C. Holdings in the 2nd quarter worth about $803,000. Engineers Gate Manager LP purchased a new position in shares of M.D.C. Holdings in the 2nd quarter worth about $1,696,000. First Trust Advisors LP raised its position in shares of M.D.C. Holdings by 41.0% in the 2nd quarter. First Trust Advisors LP now owns 147,731 shares of the construction company’s stock worth $5,219,000 after purchasing an additional 42,969 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of M.D.C. Holdings by 87.7% in the 2nd quarter. Prudential Financial Inc. now owns 306,361 shares of the construction company’s stock worth $10,824,000 after purchasing an additional 143,140 shares during the last quarter. Hedge funds and other institutional investors own 75.80% of the company’s stock.

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M.D.C. Holdings (NYSE MDC) traded up $0.29 during midday trading on Tuesday, hitting $34.19. 320,800 shares of the stock traded hands, compared to its average volume of 519,545. M.D.C. Holdings has a 12-month low of $25.40 and a 12-month high of $37.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.60 and a current ratio of 9.45. The company has a market cap of $1,760.87, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, November 7th. M.D.C. Holdings’s dividend payout ratio is 33.22%.

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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