Century Communities, Inc. (CCS) to Issue Quarterly Dividend of $0.32 on December 9th

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 25th will be paid a dividend of $0.32 per share by the construction company on Wednesday, December 9th. This represents a $1.28 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 25th.

Century Communities has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $2.31 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 55.4%.

Century Communities Stock Down 0.4%

Shares of NYSE CCS opened at $56.87 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.61 billion, a PE ratio of 11.95 and a beta of 1.30. The company’s fifty day simple moving average is $59.27 and its 200 day simple moving average is $61.98. Century Communities has a 12-month low of $47.28 and a 12-month high of $76.00.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.21). The company had revenue of $864.47 million during the quarter, compared to the consensus estimate of $949.83 million. Century Communities had a net margin of 2.86% and a return on equity of 5.41%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. As a group, sell-side analysts forecast that Century Communities will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CCS shares. Wall Street Zen lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. B. Riley Financial cut their price target on Century Communities from $64.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Weiss Ratings cut Century Communities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Finally, Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $63.00.

Century Communities Company Profile

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.