M.D.C. Holdings (MDC) Tops Q3 EPS by 27c

M.D.C. Holdings (NYSE: MDC) reported Q3 EPS of $1.49, $0.27 better than the analyst estimate of $1.22. Revenue for the quarter came in at $1 billion versus the consensus estimate of $965.51 million.

2020/2021 Outlook and Other Selected Information:

• Home deliveries for the 2020 fourth quarter between 2,400 and 2,600

• Average selling price for 2020 fourth quarter unit deliveries exceeding $460,000

• Gross margin from home sales for the 2020 fourth quarter approaching 21% (excluding impairments and warranty adjustments)

• Preliminary target of at least 10,000 home deliveries for 2021

• Lots controlled of 26,830 at September 30, 2020, up 8% year-over-year

• Quarterly cash dividend of forty cents ($0.40) per share declared on October 26, 2020, up 21% from the prior quarter and 33% from the prior year

For earnings history and earnings-related data on M.D.C. Holdings (MDC) click here.

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