Century Communities, Inc. (NYSE:CCS) Increases Dividend to $0.32 Per Share

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.32 per share by the construction company on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a 10.3% increase from Century Communities’s previous quarterly dividend of $0.29.

Century Communities has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Century Communities to earn $11.62 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.0%.

Century Communities Trading Down 0.4%

CCS stock opened at $68.57 on Thursday. The company has a market capitalization of $1.99 billion, a PE ratio of 14.11 and a beta of 1.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. Century Communities has a 12 month low of $50.42 and a 12 month high of $78.05. The firm’s 50-day moving average is $63.26 and its 200 day moving average is $62.67.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. Century Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.54 earnings per share. On average, research analysts anticipate that Century Communities will post 11.07 EPS for the current year.

Wall Street Analyst Weigh In

CCS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a research report on Monday. Citigroup started coverage on shares of Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Citizens Jmp began coverage on Century Communities in a research report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 target price on the stock. Finally, B. Riley reiterated a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and a consensus price target of $74.75.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.