Equities analysts expect Century Communities (NYSE:CCS) to announce sales of $385.05 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Century Communities’ earnings, with the lowest sales estimate coming in at $366.20 million and the highest estimate coming in at $404.68 million. Century Communities reported sales of $228.32 million in the same quarter last year, which indicates a positive year-over-year growth rate of 68.6%. The business is scheduled to announce its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Century Communities will report full-year sales of $385.05 million for the current year, with estimates ranging from $1.84 billion to $1.89 billion. For the next year, analysts expect that the business will report sales of $2.15 billion per share, with estimates ranging from $2.09 billion to $2.26 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Century Communities.
Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, February 13th. The construction company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.40. Century Communities had a net margin of 3.55% and a return on equity of 11.79%. The company had revenue of $518.79 million during the quarter, compared to the consensus estimate of $507.29 million.
A number of brokerages have weighed in on CCS. ValuEngine downgraded shares of Century Communities from a “strong-buy” rating to a “buy” rating in a research note on Monday. Deutsche Bank lifted their price target on shares of Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. B. Riley reiterated a “buy” rating and set a $41.00 price target on shares of Century Communities in a research report on Wednesday, January 3rd. 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 research report on Friday, December 29th. Finally, Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $36.64.
Shares of NYSE CCS traded down $1.25 during trading on Friday, reaching $31.15. The company had a trading volume of 177,181 shares, compared to its average volume of 280,565. Century Communities has a 52 week low of $21.90 and a 52 week high of $36.00. The company has a market cap of $940.33, a PE ratio of 10.85 and a beta of 1.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Century Communities during the 3rd quarter worth approximately $120,000. First Mercantile Trust Co. acquired a new position in Century Communities during the fourth quarter valued at approximately $145,000. Fox Run Management L.L.C. acquired a new position in Century Communities during the fourth quarter valued at approximately $202,000. Teacher Retirement System of Texas acquired a new position in Century Communities during the fourth quarter valued at approximately $202,000. Finally, Campbell Newman Asset Management Inc. acquired a new position in Century Communities during the fourth quarter valued at approximately $222,000. Institutional investors own 79.01% 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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