Wall Street analysts predict that Century Communities, Inc (NYSE:CCS) will post earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Century Communities’ earnings, with estimates ranging from $0.56 to $0.75. Century Communities reported earnings of $0.71 per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.7%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, February 13th.
According to Zacks, analysts expect that Century Communities will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.00 to $2.21. For the next fiscal year, analysts expect that the firm will post earnings of $3.83 per share, with EPS estimates ranging from $3.01 to $4.53. Zacks’ EPS 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 quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. The business had revenue of $374.90 million during the quarter, compared to the consensus estimate of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The company’s quarterly revenue was up 51.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share.
A number of equities research analysts have recently commented on CCS shares. Zacks Investment Research downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wedbush lifted their price target on shares of Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. Finally, B. Riley reiterated a “buy” rating and set a $41.00 price target on shares of Century Communities in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.17.
Shares of Century Communities (NYSE:CCS) opened at $31.20 on Monday. The company has a market cap of $860.28, a PE ratio of 12.48 and a beta of 1.11. Century Communities has a twelve month low of $21.90 and a twelve month high of $36.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19.
A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in Century Communities by 2.3% in the second quarter. California State Teachers Retirement System now owns 30,670 shares of the construction company’s stock valued at $761,000 after purchasing an additional 700 shares during the period. Voya Investment Management LLC grew its holdings in Century Communities by 12.2% in the second quarter. Voya Investment Management LLC now owns 11,407 shares of the construction company’s stock valued at $283,000 after purchasing an additional 1,236 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Century Communities by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,874 shares of the construction company’s stock valued at $344,000 after purchasing an additional 1,382 shares during the period. Rhumbline Advisers lifted its position in Century Communities by 9.1% during the third quarter. Rhumbline Advisers now owns 21,775 shares of the construction company’s stock valued at $538,000 after buying an additional 1,814 shares in the last quarter. Finally, Signia Capital Management LLC lifted its position in Century Communities by 1.9% during the third quarter. Signia Capital Management LLC now owns 101,462 shares of the construction company’s stock valued at $2,506,000 after buying an additional 1,886 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.
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About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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