M.D.C. Holdings (MDC) Releases Earnings Results, Misses Expectations By $-0.05 EPS

M.D.C. Holdings (MDC) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.25. The company posted revenue of $396.70 million in the period, compared to analysts expectations of $427.36 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on M.D.C. Holdings. Shares were Reiterated by Deutsche Bank on Feb 9, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $36 .

M.D.C. Holdings closed down -0.2 points or -0.81% at $24.41 with 5,45,368 shares getting traded on Wednesday. Post opening the session at $24.32, the shares hit an intraday low of $24.2 and an intraday high of $24.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 6, 2015, John Martin Stephens (SVP, CFO, PAO) sold 1,748 shares at $26.69 per share price.

M.D.C. Holdings Inc. (MDC) is engaged in two primary operations homebuilding and financial services. The Company’s homebuilding operations consist of wholly owned subsidiary companies that purchase finished lots or develop lots to the extent necessary 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. The Company’s homebuilding operations consist of various homebuilding divisions. Its financial services operations consist of HomeAmerican Mortgage Corporation (HomeAmerican); Allegiant Insurance Company Inc. (Allegiant); StarAmerican Insurance Ltd.; American Home Insurance Agency Inc. and American Home Title and Escrow Company which provides title agency services to its homebuilding subsidiaries and its customers in certain states.

M.D.C. Holdings

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