Century Communities, Inc (NYSE:CCS) – Analysts at Wedbush increased their Q1 2018 earnings per share estimates for shares of Century Communities in a report released on Wednesday. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $0.35 per share for the quarter, up from their previous estimate of $0.31. Wedbush currently has a “Outperform” rating and a $42.00 price target on the stock. Wedbush also issued estimates for Century Communities’ FY2018 earnings at $3.55 EPS, Q1 2019 earnings at $0.40 EPS and FY2019 earnings at $3.99 EPS.
A number of other research firms also recently commented on CCS. B. Riley reaffirmed a “buy” rating and set a $41.00 price objective on shares of Century Communities in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 3rd. Finally, ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.17.
Century Communities (CCS) opened at $31.40 on Thursday. Century Communities has a one year low of $21.90 and a one year high of $36.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. The company has a market cap of $807.89, a PE ratio of 10.46 and a beta of 1.11.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.40. Century Communities had a net margin of 3.55% and a return on equity of 12.73%. The company had revenue of $518.79 million during the quarter, compared to the consensus estimate of $507.29 million.
Several large investors have recently modified their holdings of the company. Kazazian Asset Management LLC purchased a new stake in shares of Century Communities during the 4th quarter worth about $233,000. Macquarie Group Ltd. purchased a new stake in shares of Century Communities during the 4th quarter worth about $279,000. Millennium Management LLC grew its holdings in shares of Century Communities by 35.7% during the 4th quarter. Millennium Management LLC now owns 1,241,269 shares of the construction company’s stock worth $38,603,000 after purchasing an additional 326,505 shares during the period. Wolverine Trading LLC purchased a new stake in shares of Century Communities during the 4th quarter worth about $332,000. Finally, Cider Mill Investments LP purchased a new stake in shares of Century Communities during the 4th quarter worth about $9,426,000. Institutional investors and hedge funds own 64.31% of the company’s stock.
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About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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