$0.53 EPS Expected for MDC Holdings (MDC) This Quarter

Analysts expect that MDC Holdings (NYSE:MDC) will announce earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for MDC’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.58. MDC reported earnings of $0.40 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 32.5%. The company is expected to issue its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that MDC will report full year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $3.10. For the next fiscal year, analysts forecast that the business will report earnings of $3.41 per share, with EPS estimates ranging from $3.24 to $3.54. Zacks’ EPS averages are an average based on a survey of research firms that follow MDC.

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MDC (NYSE:MDC) last posted its quarterly earnings data on Thursday, February 1st. The construction company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.25). The firm had revenue of $704.26 million during the quarter, compared to analysts’ expectations of $722.48 million. MDC had a net margin of 5.50% and a return on equity of 11.00%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS.

Several brokerages have recently issued reports on MDC. Zacks Investment Research upgraded shares of MDC from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research note on Thursday, February 1st. UBS restated a “sell” rating and set a $32.00 price target (up previously from $30.00) on shares of MDC in a research note on Wednesday, January 17th. Bank of America raised their price target on shares of MDC from $31.00 to $34.00 and gave the stock an “underperform” rating in a research note on Friday, February 2nd. Raymond James Financial upgraded shares of MDC from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Tuesday, February 13th. They noted that the move was a valuation call. Finally, Wedbush began coverage on shares of MDC in a research note on Monday, March 19th. They set a “neutral” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.

In other MDC news, Director David E. Blackford sold 2,500 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $28.18, for a total value of $70,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Herbert T. Buchwald sold 4,644 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $29.84, for a total transaction of $138,576.96. The disclosure for this sale can be found here. 27.00% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Quantitative Investment Management LLC boosted its holdings in MDC by 33.6% in the 4th quarter. Quantitative Investment Management LLC now owns 85,900 shares of the construction company’s stock valued at $2,738,000 after purchasing an additional 21,600 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of MDC during the 4th quarter worth $1,022,000. James Investment Research Inc. lifted its holdings in shares of MDC by 12,746.5% during the 4th quarter. James Investment Research Inc. now owns 91,210 shares of the construction company’s stock worth $2,908,000 after acquiring an additional 90,500 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of MDC by 10.2% during the 4th quarter. Allianz Asset Management GmbH now owns 926,473 shares of the construction company’s stock worth $29,536,000 after acquiring an additional 85,513 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of MDC by 26.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,037 shares of the construction company’s stock worth $533,000 after acquiring an additional 3,321 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Shares of MDC stock traded up $0.42 during trading hours on Thursday, hitting $29.22. 217,114 shares of the company were exchanged, compared to its average volume of 741,030. The company has a quick ratio of 3.34, a current ratio of 10.01 and a debt-to-equity ratio of 0.78. MDC has a 52-week low of $26.45 and a 52-week high of $37.45. The firm has a market cap of $1,617.47, a P/E ratio of 11.16, a PEG ratio of 0.62 and a beta of 1.47.

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About MDC

M.DC Holdings, Inc, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.

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Earnings History and Estimates for MDC (NYSE:MDC)

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