Wall Street analysts expect that Century Communities Inc (NYSE:CCS) will post $581.13 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Century Communities’ earnings, with estimates ranging from $563.75 million to $598.50 million. Century Communities reported sales of $561.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is scheduled to issue its next earnings results on Tuesday, November 5th.
On average, analysts expect that Century Communities will report full-year sales of $2.44 billion for the current year, with estimates ranging from $2.41 billion to $2.47 billion. For the next financial year, analysts expect that the business will post sales of $2.62 billion, with estimates ranging from $2.61 billion to $2.64 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Century Communities.
Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.03. Century Communities had a net margin of 3.21% and a return on equity of 11.80%. The company had revenue of $608.60 million during the quarter, compared to the consensus estimate of $554.22 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis.
Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Zacks Investment Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 1st. Wedbush lifted their price target on shares of Century Communities from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $30.50 to $32.50 in a research report on Wednesday. Finally, TheStreet upgraded shares of Century Communities from a “c” rating to a “b-” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.63.
Shares of NYSE CCS traded down $0.07 during trading on Tuesday, reaching $29.85. The company had a trading volume of 426,600 shares, compared to its average volume of 422,638. Century Communities has a 52 week low of $16.35 and a 52 week high of $31.23. The stock has a market cap of $846.19 million, a PE ratio of 7.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50 day moving average price is $27.53 and its 200-day moving average price is $26.26.
In other news, insider John Scott Dixon sold 8,747 shares of Century Communities stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.22, for a total transaction of $238,093.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Francescon sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $26.05, for a total value of $2,605,000.00. Following the transaction, the chief executive officer now directly owns 376,280 shares in the company, valued at approximately $9,802,094. The disclosure for this sale can be found here. In the last quarter, insiders have sold 183,747 shares of company stock valued at $4,925,843. 14.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC acquired a new position in shares of Century Communities in the first quarter valued at approximately $25,000. Rhumbline Advisers boosted its holdings in shares of Century Communities by 3.6% in the first quarter. Rhumbline Advisers now owns 37,556 shares of the construction company’s stock valued at $900,000 after acquiring an additional 1,303 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Century Communities by 1,419.2% in the second quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock valued at $61,000 after acquiring an additional 2,143 shares in the last quarter. First Dallas Securities Inc. boosted its holdings in shares of Century Communities by 24.7% in the first quarter. First Dallas Securities Inc. now owns 15,150 shares of the construction company’s stock valued at $363,000 after acquiring an additional 3,000 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Century Communities in the first quarter valued at approximately $100,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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