M.D.C. Holdings, Inc. (NYSE:MDC) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, MDC is expected to report 3Q20 income of $ 1.22 per share from revenue of $ 965.51 million.
For the full year, analysts anticipate top line of $ 3853.17 million, while looking forward to income of $ 4.83 per share bottom line.
Previous Quarter Performance
M.D.C. Holdings, Inc. unwinded income for the second quarter of $ 1.31 per share, from the revenue of $ 919.72 million. The quarterly earnings developed 52.33 percent compared with the same quarter last year. According to street consensus, MDC was expected to report 2Q20 income of $ 0.83 per share from revenue of $ 808.09 million. The bottom line results beat street analysts by $ 0.48 or 57.83 percent, at the same time, top line results outshined analysts by $ 111.63 million or 13.81 percent.
Stock Performance
Shares of M.D.C. Holdings, Inc. traded up $ 0.34 or 0.76 percent on Wednesday, reaching $ 45.12 with volume of 624.40 thousand shares. M.D.C. Holdings, Inc. has traded high as $ 45.71 and has cracked $ 43.12 on the downward trend
According to the previous trading day, closing price of $ 45.12, representing a 184.32 % increase from the 52 week low of $ 15.75 and a 14.7 % decrease over the 52 week high of $ 52.50.
The company has a market capital of $ 2.86 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.33 per share on July 27, 2020. The dividend were payable on August 26, 2020 to holders of record as of the close of business on August 12, 2020 and ex-dividend date on August 11, 2020.
Conference Call
M.D.C. Holdings, Inc. will be hosting a conference call at 12:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.richmondamerican.com
M.D.C. 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.
