Century Communities, Inc. Announces Quarterly Dividend of $0.32 (NYSE:CCS)

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 27th will be paid a dividend of 0.32 per share by the construction company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, May 27th.

Century Communities has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 31.2%.

Century Communities Stock Up 0.7%

Century Communities stock traded up $0.38 on Thursday, hitting $54.65. 6,222 shares of the stock traded hands, compared to its average volume of 273,439. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.57 billion, a P/E ratio of 12.31 and a beta of 1.37. The business’s fifty day simple moving average is $59.64 and its 200 day simple moving average is $62.20. Century Communities has a 1 year low of $50.42 and a 1 year high of $76.00.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.61 by $0.27. The business had revenue of $789.67 million during the quarter, compared to analyst estimates of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The company’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share. As a group, sell-side analysts forecast that Century Communities will post 3.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. B. Riley Financial downgraded Century Communities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.00.

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.