Analysts expect that Century Communities (NYSE:CCS) will announce earnings of $1.04 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Century Communities’ earnings, with the lowest EPS estimate coming in at $1.02 and the highest estimate coming in at $1.05. Century Communities reported earnings of $0.66 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.6%. The company is expected to issue its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Century Communities will report full year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $4.03 to $4.40. For the next fiscal year, analysts forecast that the business will report earnings of $4.82 per share, with EPS estimates ranging from $4.37 to $5.09. Zacks’ EPS averages are an average based on a survey of research firms that follow Century Communities.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.23. The business had revenue of $401.85 million for the quarter, compared to analysts’ expectations of $377.72 million. Century Communities had a net margin of 3.87% and a return on equity of 12.68%. The business’s quarterly revenue was up 76.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share.
Several analysts have recently issued reports on the stock. ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. Wedbush reissued an “outperform” rating and set a $42.00 price target on shares of Century Communities in a research report on Wednesday, May 9th. B. Riley increased their price target on shares of Century Communities from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. JPMorgan Chase increased their price target on shares of Century Communities from $34.00 to $37.50 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Deutsche Bank upped their target price on shares of Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.36.
Shares of CCS opened at $30.85 on Friday. The stock has a market cap of $918.99 million, a PE ratio of 9.79 and a beta of 1.09. Century Communities has a 1 year low of $21.90 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.61.
Several hedge funds have recently added to or reduced their stakes in CCS. First Mercantile Trust Co. purchased a new stake in shares of Century Communities during the fourth quarter worth approximately $145,000. Fox Run Management L.L.C. purchased a new position in Century Communities in the fourth quarter valued at approximately $202,000. Teacher Retirement System of Texas purchased a new position in Century Communities in the fourth quarter valued at approximately $202,000. Campbell Newman Asset Management Inc. purchased a new position in Century Communities in the fourth quarter valued at approximately $222,000. Finally, Kazazian Asset Management LLC purchased a new position in Century Communities in the fourth quarter valued at approximately $233,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.
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