Brokerages Anticipate M.D.C. Holdings, Inc. (MDC) Will Post Earnings of $0.65 Per Share

Brokerages predict that M.D.C. Holdings, Inc. (NYSE:MDC) will post $0.65 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for M.D.C.’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.59. M.D.C. reported earnings of $0.72 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 9.7%. The business is expected to report its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that M.D.C. will report full-year earnings of $2.69 per share for the current financial year, with EPS estimates ranging from $2.67 to $2.70. For the next fiscal year, analysts anticipate that the business will report earnings of $2.53 per share, with EPS estimates ranging from $2.40 to $2.72. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for M.D.C..

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

MDC has been the subject of a number of recent analyst reports. ValuEngine downgraded M.D.C. from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. KeyCorp reiterated a “hold” rating on shares of M.D.C. in a report on Friday, August 25th. Zacks Investment Research upgraded M.D.C. from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Wells Fargo & Company upgraded M.D.C. from an “underperform” rating to a “market perform” rating and set a $30.00 price objective for the company in a report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, Citigroup lowered their price target on M.D.C. from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.33.

Institutional investors have recently made changes to their positions in the business. Amalgamated Bank bought a new stake in shares of M.D.C. in the second quarter worth about $202,000. Capital Fund Management S.A. bought a new stake in shares of M.D.C. in the second quarter worth about $223,000. Sawgrass Asset Management LLC bought a new stake in shares of M.D.C. in the third quarter worth about $262,000. Parametrica Management Ltd bought a new stake in shares of M.D.C. in the third quarter worth about $285,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of M.D.C. in the second quarter worth about $315,000. Institutional investors own 80.09% of the company’s stock.

M.D.C. (MDC) traded up $0.10 during midday trading on Thursday, reaching $31.84. The company had a trading volume of 328,315 shares, compared to its average volume of 459,154. The company has a market capitalization of $1,786.19, a P/E ratio of 11.42, a PEG ratio of 1.04 and a beta of 1.35. The company has a quick ratio of 2.60, a current ratio of 9.45 and a debt-to-equity ratio of 0.65. M.D.C. has a fifty-two week low of $25.55 and a fifty-two week high of $37.45.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.14%. M.D.C.’s dividend payout ratio (DPR) is currently 33.37%.

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About M.D.C.

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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