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

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, August 26th will be given a dividend of 0.32 per share by the construction company on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th.

Century Communities has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Century Communities to earn $4.59 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 27.9%.

Century Communities Stock Performance

Shares of Century Communities stock opened at $71.69 on Friday. The firm has a fifty day moving average of $66.20 and a two-hundred day moving average of $62.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.72 and a beta of 1.30. Century Communities has a 52 week low of $47.28 and a 52 week high of $76.00.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The business had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. During the same period last year, the company earned $1.37 EPS. The firm’s revenue was down 8.1% on a year-over-year basis. As a group, equities research analysts predict that Century Communities will post 4.86 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CCS. B. Riley Financial lowered Century Communities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.00 to $64.00 in a research report on Thursday, April 23rd. Weiss Ratings raised shares of Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. cut their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a report on Wednesday, April 29th. Finally, Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.