Home builder M.D.C. Holdings, Inc. (MDC) said on Thursday that it reported a fourth quarter profit compared to a loss in the same period last year. The company beat Wall Street analyst views.
The Denver, Colorado-based company reported a fourth quarter net income of $29.67 million, or 59 cents per share, compared to a loss of $18.82 million, or 40 cents per share, booked in the fourth quarter of 2011.
According to analysts polled by Thomson Reuters, the company was expected to report a profit of 40 cents per share.
Total revenue for the quarter came in at $390.86 million versus a revenue of $239.09 million a year earlier. Analysts were expecting revenue to be $367.13.
M.D.C. Holdings shares were down $1.17, or -2.61%, during morning trading on Thursday. The stock is up +106.91% over the past year.
The Bottom Line
Shares of M.D.C. Holdings (MDC) have a dividend yield of 9.58% based on last night’s closing price of $41.76.
M.D.C. Holdings, Inc. (MDC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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