Century Communities (CCS) Posts Earnings Results, Beats Estimates By $0.40 EPS

Century Communities (NYSE:CCS) announced its quarterly earnings results on Tuesday. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.40, Bloomberg Earnings reports. The business had revenue of $518.79 million during the quarter, compared to the consensus estimate of $507.29 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%.

Century Communities (CCS) opened at $32.54 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a twelve month low of $21.90 and a twelve month high of $36.00. The firm has a market cap of $798.24, a PE ratio of 13.69 and a beta of 1.11.

A number of brokerages have recently issued reports on CCS. Wedbush reiterated an “outperform” rating and issued a $42.00 price target on shares of Century Communities in a report on Wednesday. B. Riley restated a “buy” rating and set a $41.00 target price on shares of Century Communities in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $35.17.

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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.

Earnings History for Century Communities (NYSE:CCS)

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