MDC Stock Recent News
MDC LATEST HEADLINES
DENVER , Dec. 1, 2023 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced that it is scheduled to present at the Raymond James TMT and Consumer Conference on Tuesday, December 5, 2023, at 2:15 p.m.
M.D.C. Holdings is a homebuilder with a focus on single-family detached homes and financial services operations. The company has seen an increase in revenue and profits in recent years, driven by growth in the number of homes sold and higher pricing. But this year is looking bad based on a plunge in demand for homes that has caused revenue, profits, and cash flows to sink.
Home builder M.D.C. Holdings, Inc. stock has risen over 35% so far in 2023 despite challenges in the housing sector. Earnings and revenues are projected to fall significantly in FY2023, and there is or has been some substantial insider selling in the stock this year. However, the company has a strong balance sheet and also pays a five percent dividend yield.
The headline numbers for M.D.C. Holdings, Inc. (MDC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
M.D.C. Holdings, Inc. (MDC) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.98 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The latest trading day saw M.D.C. Holdings, Inc. (MDC) settling at $39.23, representing a -0.28% change from its previous close.
Here is how M.D.C. Holdings, Inc. (MDC) and Meritage Homes (MTH) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
In the closing of the recent trading day, M.D.C. Holdings, Inc. (MDC) stood at $39.93, denoting a +1.94% change from the preceding trading day.