Brokerages Expect M.D.C. Holdings, Inc. (MDC) to Announce $0.67 EPS

Analysts expect M.D.C. Holdings, Inc. (NYSE:MDC) to announce $0.67 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for M.D.C.’s earnings, with estimates ranging from $0.59 to $0.76. M.D.C. posted earnings of $0.72 per share in the same quarter last year, which suggests a negative year over year growth rate of 6.9%. The company is scheduled to report its next earnings report on Wednesday, February 7th.

On average, analysts expect that M.D.C. will report full year earnings of $2.53 per share for the current year, with EPS estimates ranging from $2.22 to $2.70. For the next fiscal year, analysts anticipate that the company will report earnings of $2.53 per share, with EPS estimates ranging from $2.40 to $2.72. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover M.D.C..

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

Several equities analysts recently commented on MDC shares. Zacks Investment Research lowered shares of M.D.C. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. BidaskClub lowered shares of M.D.C. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Citigroup dropped their price objective on shares of M.D.C. from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. ValuEngine lowered shares of M.D.C. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, KeyCorp reissued a “hold” rating on shares of M.D.C. in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of MDC. Virtu KCG Holdings LLC bought a new position in shares of M.D.C. in the 2nd quarter worth about $803,000. Sterling Capital Management LLC bought a new position in shares of M.D.C. in the 2nd quarter worth about $930,000. Federated Investors Inc. PA lifted its position in shares of M.D.C. by 80,713.5% in the 2nd quarter. Federated Investors Inc. PA now owns 244,865 shares of the construction company’s stock worth $8,651,000 after buying an additional 244,562 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of M.D.C. in the 2nd quarter worth about $1,696,000. Finally, First Trust Advisors LP lifted its position in shares of M.D.C. 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 buying an additional 42,969 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Shares of M.D.C. (MDC) opened at $31.34 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 9.45 and a quick ratio of 2.60. The stock has a market cap of $1,846.20, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.35. M.D.C. has a fifty-two week low of $25.55 and a fifty-two week high of $37.45.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. M.D.C.’s dividend payout ratio (DPR) is 33.37%.

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M.D.C. 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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