Equities research analysts expect Century Communities Inc (NYSE:CCS) to announce $1.34 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Century Communities’ earnings, with estimates ranging from $1.31 to $1.37. Century Communities reported earnings of $0.85 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 57.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 6th.
According to Zacks, analysts expect that Century Communities will report full-year earnings of $3.61 per share for the current fiscal year, with EPS estimates ranging from $3.59 to $3.62. For the next financial year, analysts anticipate that the business will report earnings of $4.34 per share, with EPS estimates ranging from $4.21 to $4.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Century Communities.
Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, October 29th. The construction company reported $0.87 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The business had revenue of $573.90 million for the quarter, compared to analyst estimates of $567.22 million. Century Communities had a net margin of 3.58% and a return on equity of 11.54%. Century Communities’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share.
Several research analysts recently issued reports on CCS shares. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Century Communities from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $30.50 to $32.50 in a research note on Wednesday, September 11th. TheStreet raised shares of Century Communities from a “c” rating to a “b-” rating in a research note on Monday, August 12th. ValuEngine lowered shares of Century Communities from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 5th. Finally, B. Riley increased their target price on shares of Century Communities from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $35.10.
NYSE CCS traded up $0.11 on Friday, hitting $28.26. 129,616 shares of the company were exchanged, compared to its average volume of 424,812. The company has a market cap of $881.17 million, a PE ratio of 7.17 and a beta of 1.20. Century Communities has a 12 month low of $16.35 and a 12 month high of $34.57. The stock has a fifty day moving average of $30.62 and a 200-day moving average of $28.22. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.94.
In other Century Communities news, CEO Robert J. Francescon sold 75,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $27.77, for a total transaction of $2,082,750.00. Following the transaction, the chief executive officer now owns 326,280 shares in the company, valued at $9,060,795.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 14.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Tennessee Treasury Department raised its holdings in Century Communities by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 12,101 shares of the construction company’s stock worth $371,000 after buying an additional 951 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Century Communities during the third quarter worth $49,000. James Investment Research Inc. raised its holdings in Century Communities by 6.3% during the third quarter. James Investment Research Inc. now owns 34,745 shares of the construction company’s stock worth $1,064,000 after buying an additional 2,065 shares during the last quarter. Bank of Montreal Can raised its holdings in Century Communities by 1,419.2% during the second quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock worth $61,000 after buying an additional 2,143 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Century Communities by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 87,341 shares of the construction company’s stock worth $2,675,000 after buying an additional 2,183 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.
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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