Analysts forecast that M.D.C. Holdings, Inc. (NYSE:MDC) will announce sales of $608.08 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for M.D.C.’s earnings, with the highest sales estimate coming in at $615.20 million and the lowest estimate coming in at $598.00 million. M.D.C. posted sales of $626.72 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The firm is expected to issue its next earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that M.D.C. will report full year sales of $2.96 billion for the current financial year, with estimates ranging from $2.86 billion to $3.06 billion. For the next financial year, analysts expect that the firm will report sales of $3.03 billion, with estimates ranging from $2.97 billion to $3.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow M.D.C..

M.D.C. (NYSE:MDC) last released its quarterly earnings results on Thursday, January 31st. The construction company reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.19). The business had revenue of $858.49 million for the quarter, compared to the consensus estimate of $839.29 million. M.D.C. had a net margin of 6.93% and a return on equity of 14.50%.

A number of equities analysts recently weighed in on MDC shares. Zacks Investment Research raised shares of M.D.C. from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, April 10th. ValuEngine downgraded shares of M.D.C. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.00.

Shares of MDC stock traded up $0.13 during trading hours on Wednesday, hitting $31.34. 190,360 shares of the company’s stock traded hands, compared to its average volume of 412,363. The company has a market capitalization of $1.92 billion, a P/E ratio of 8.54, a PEG ratio of 1.16 and a beta of 1.33. M.D.C. has a 12 month low of $25.14 and a 12 month high of $33.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.49 and a current ratio of 9.15.

In related news, SVP Michael Touff sold 36,741 shares of M.D.C. stock in a transaction on Monday, March 11th. The shares were sold at an average price of $28.84, for a total transaction of $1,059,610.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Siegel sold 2,900 shares of M.D.C. stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $28.18, for a total transaction of $81,722.00. The disclosure for this sale can be found here. Insiders have sold 194,089 shares of company stock valued at $5,611,678 in the last three months. 26.30% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Strs Ohio grew its holdings in M.D.C. by 8.0% in the first quarter. Strs Ohio now owns 503,279 shares of the construction company’s stock worth $14,625,000 after purchasing an additional 37,279 shares during the period. Nisa Investment Advisors LLC grew its holdings in M.D.C. by 7.9% in the first quarter. Nisa Investment Advisors LLC now owns 49,326 shares of the construction company’s stock worth $1,433,000 after purchasing an additional 3,605 shares during the period. Meeder Asset Management Inc. grew its holdings in M.D.C. by 55.4% in the first quarter. Meeder Asset Management Inc. now owns 9,603 shares of the construction company’s stock worth $280,000 after purchasing an additional 3,423 shares during the period. Alpha Windward LLC grew its holdings in M.D.C. by 5.1% in the first quarter. Alpha Windward LLC now owns 17,728 shares of the construction company’s stock worth $515,000 after purchasing an additional 868 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in M.D.C. by 7.9% in the first quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the construction company’s stock worth $532,000 after purchasing an additional 1,339 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

M.D.C. Company Profile

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 M.D.C. (NYSE:MDC)

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