Wall Street brokerages forecast that Century Communities Inc (NYSE:CCS) will report sales of $504.51 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Century Communities’ earnings, with the lowest sales estimate coming in at $484.62 million and the highest estimate coming in at $541.31 million. Century Communities reported sales of $290.08 million in the same quarter last year, which would suggest a positive year over year growth rate of 73.9%. The company is expected to announce its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Century Communities will report full-year sales of $1.99 billion for the current fiscal year, with estimates ranging from $1.94 billion to $2.05 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.28 billion per share, with estimates ranging from $2.17 billion to $2.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Century Communities.
Century Communities (NYSE:CCS) last released its quarterly earnings data on Tuesday, May 8th. The construction company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.23. The company had revenue of $401.85 million during the quarter, compared to the consensus estimate of $377.72 million. Century Communities had a net margin of 3.87% and a return on equity of 12.68%. Century Communities’s revenue for the quarter was up 76.0% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS.
CCS has been the topic of several recent analyst reports. TheStreet upgraded shares of Century Communities from a “c+” rating to a “b” rating in a research note on Wednesday, May 16th. ValuEngine cut shares of Century Communities from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 11th. B. Riley increased their target price on shares of Century Communities from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Friday, May 4th. Finally, Zelman & Associates initiated coverage on shares of Century Communities in a research note on Wednesday, June 20th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $36.36.
Century Communities traded up $0.55, hitting $32.45, on Wednesday, according to Marketbeat.com. The stock had a trading volume of 129,300 shares, compared to its average volume of 272,176. Century Communities has a 52-week low of $21.90 and a 52-week high of $36.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $960.80 million, a PE ratio of 11.29 and a beta of 1.07.
Several institutional investors have recently bought and sold shares of CCS. Dimensional Fund Advisors LP raised its position in shares of Century Communities by 23.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,914,480 shares of the construction company’s stock valued at $57,339,000 after buying an additional 368,456 shares in the last quarter. Millennium Management LLC raised its position in shares of Century Communities by 35.7% during the 4th quarter. Millennium Management LLC now owns 1,241,269 shares of the construction company’s stock valued at $38,603,000 after buying an additional 326,505 shares in the last quarter. Cider Mill Investments LP purchased a new stake in shares of Century Communities during the 4th quarter valued at $9,426,000. BlackRock Inc. raised its position in shares of Century Communities by 14.6% during the 4th quarter. BlackRock Inc. now owns 2,276,323 shares of the construction company’s stock valued at $70,794,000 after buying an additional 290,340 shares in the last quarter. Finally, Atalan Capital Partners LP raised its position in shares of Century Communities by 51.8% during the 1st quarter. Atalan Capital Partners LP now owns 584,214 shares of the construction company’s stock valued at $17,497,000 after buying an additional 199,414 shares in the last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.
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