Last $25.79 USD
Change Today -0.11 / -0.42%
Volume 4.8K
MDC On Other Exchanges
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As of 9:33 AM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

mdc holdings inc (MDC) Key Developments

MDC Holdings Inc. Announces Optional Redemption of All Outstanding 5.375% Senior Notes Due July 2015

MDC Holdings Inc. announced that it will redeem all of its outstanding 5.375% Senior Notes due July 2015, which total $250.0 million, on October 27, 2014. The 2015 Notes will be redeemed pursuant to their optional redemption provisions at a redemption price that will include a premium based on the present value of the remaining scheduled payments on the 2015 Notes as described in the indenture, together with accrued and unpaid interest on the Notes to the redemption date of October 27, 2014. The redemption will be funded from the company's available cash balances. U.S. Bank National Association is the trustee and paying agent with respect to the 2015 Notes.

MDC Holdings Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

MDC Holdings Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total home and land sale revenues of $431,261,000 against $402,134,000 a year ago. Homebuilding pretax income was $27,449,000 against $29,789,000 a year ago. Financial services pretax income was $6,577,000 against $8,223,000 a year ago. Income before income taxes was $34,026,000 against $38,012,000 a year ago. Net income was $21,542,000 against $224,909,000 a year ago. Basic and diluted earnings per share were $0.44 against diluted earnings per share of $4.55 a year ago. Net cash from operating activities were $24,881,000 against net cash used in operating activities of $90,825,000 a year ago. Purchases of property and equipment were $809,000 against $72,000 a year ago. For the six months, the company reported total home and land sale revenues of $749,795,000 against $733,882,000 a year ago. Homebuilding pretax income was $41,002,000 against $44,636,000 a year ago. Financial services pretax income was $11,664,000 against $15,962,000 a year ago. Income before income taxes was $52,666,000 against $60,598,000 a year ago. Net income was $33,046,000 against $247,425,000 a year ago. Diluted earnings per share were $0.67 against $5.01 a year ago. Net cash used in operating activities were $96,272,000 against $146,243,000 a year ago. Purchases of property and equipment were $1,354,000 against $998,000 a year ago.

M.D.C. Holdings Declares Quarterly Cash Dividend Payable on August 20, 2014

M.D.C. Holdings Inc. announced that its board of directors has declared a quarterly cash dividend of twenty-five cents ($0.25) per share on the company's common stock. The dividend will be paid on August 20, 2014 to shareowners of record on August 6, 2014.

MDC Holdings Inc. to Report Q2, 2014 Results on Jul 29, 2014

MDC Holdings Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 29, 2014

MDC Holdings Inc., Q2 2014 Earnings Call, Jul 29, 2014

MDC Holdings Inc., Q2 2014 Earnings Call, Jul 29, 2014

 

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MDC:US $25.79 USD -0.11

MDC Competitors

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Company Last Change
Beazer Homes USA Inc $17.13 USD -0.09
Hovnanian Enterprises Inc $3.80 USD -0.02
KB Home $15.14 USD -0.05
Meritage Homes Corp $36.23 USD +0.05
Ryland Group Inc/The $33.88 USD -0.03
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Industry Analysis

MDC

Industry Average

Valuation MDC Industry Range
Price/Earnings 13.1x
Price/Sales 0.8x
Price/Book 1.0x
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful
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