M.D.C. Holdings Post Q4 Profit on Higher Home Sales; EPS Beats View (MDC)

M.D.C. Holdings Post Q4 Profit on Higher Home Sales; EPS Beats View (MDC)

RSS

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today