Q1 2017 Earnings Forecast for M.D.C. Holdings Inc. (MDC) Issued By KeyCorp
M.D.C. Holdings Inc. (NYSE:MDC) – Investment analysts at KeyCorp issued their Q1 2017 earnings estimates for M.D.C. Holdings in a research note issued to investors on Monday. KeyCorp analyst K. Zener expects that the firm will post earnings per share of $0.34 for the quarter. KeyCorp also issued estimates for M.D.C. Holdings’ Q2 2017 earnings at $0.77 EPS, Q3 2017 earnings at $0.66 EPS and Q4 2017 earnings at $0.75 EPS.
A number of other analysts have also recently commented on MDC. Evercore ISI began coverage on M.D.C. Holdings in a research report on Monday. They set a “hold” rating on the stock. Zacks Investment Research upgraded M.D.C. Holdings from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research report on Tuesday, July 19th. Deutsche Bank AG cut M.D.C. Holdings from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Monday, August 8th. Citigroup Inc. boosted their price target on M.D.C. Holdings from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Wells Fargo & Co. began coverage on M.D.C. Holdings in a research report on Wednesday, September 28th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.25.
Shares of M.D.C. Holdings (NYSE:MDC) traded up 0.31% during trading on Wednesday, reaching $25.97. The company’s stock had a trading volume of 290,918 shares. The company has a 50 day moving average price of $24.37 and a 200 day moving average price of $24.69. The firm has a market capitalization of $1.27 billion, a P/E ratio of 14.93 and a beta of 1.38. M.D.C. Holdings has a 52 week low of $19.28 and a 52 week high of $27.59.
M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $578 million for the quarter, compared to analysts’ expectations of $636.16 million. M.D.C. Holdings had a return on equity of 6.72% and a net margin of 3.94%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS.
A number of large investors have recently made changes to their positions in MDC. Hedeker Wealth LLC purchased a new stake in shares of M.D.C. Holdings during the third quarter valued at approximately $1,903,000. Oppenheimer & Co. Inc. raised its stake in shares of M.D.C. Holdings by 0.7% in the second quarter. Oppenheimer & Co. Inc. now owns 32,676 shares of the company’s stock valued at $795,000 after buying an additional 225 shares during the period. California State Teachers Retirement System raised its stake in shares of M.D.C. Holdings by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,005 shares of the company’s stock valued at $2,020,000 after buying an additional 243 shares during the period. Arizona State Retirement System raised its stake in shares of M.D.C. Holdings by 1.8% in the second quarter. Arizona State Retirement System now owns 20,400 shares of the company’s stock valued at $497,000 after buying an additional 367 shares during the period. Finally, BlackRock Inc. raised its stake in shares of M.D.C. Holdings by 4.7% in the third quarter. BlackRock Inc. now owns 10,048 shares of the company’s stock valued at $259,000 after buying an additional 451 shares during the period. 78.90% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Monday, November 7th. M.D.C. Holdings’s dividend payout ratio is presently 14.29%.
About M.D.C. Holdings
M.DC Holdings, Inc is engaged in two primary operations, such as homebuilding and financial services. The Company’s homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes.
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