Revenue Update on M.D.C. Holdings(NYSE:MDC)

M.D.C. Holdings(NYSE:MDC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $571.51M. Analysts estimated a revenue of $535.12M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.48.

In a different note, On May 16, 2016, Deutsche Bank said it Maintains its rating on M.D.C. Holdings. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Buy’ by the firm.

M.D.C. Holdings (MDC) shares turned negative on Fridays trading session with the shares closing down -0.33 points or -1.31% at a volume of 3,29,675. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.21. The peak price level was also seen at $25.21 while the days lowest was $24.66. Finally the shares closed at $24.86. The 52-week high of the shares is $31.21 while the 52-week low is $19.28. According to the latest information available, the market cap of the company is $1,219 M.

Several Insider Transactions has been reported to the SEC. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

M.D.C. Holdings - Is it time to Sell?

Top Brokerage Firms are advising their investors on M.D.C. Holdings. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.