Brokerages expect Century Communities Inc (NYSE:CCS) to post $0.87 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Century Communities’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.85. Century Communities reported earnings per share of $0.86 in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The company is expected to issue its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Century Communities will report full-year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.70. For the next fiscal year, analysts expect that the business will report earnings of $4.51 per share, with EPS estimates ranging from $4.34 to $4.70. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Century Communities.
Century Communities (NYSE:CCS) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. The firm had revenue of $608.60 million during the quarter, compared to analyst estimates of $554.22 million. During the same quarter last year, the firm earned $1.21 EPS. Century Communities’s quarterly revenue was up 16.6% on a year-over-year basis.
Several brokerages recently issued reports on CCS. Wedbush raised their price target on Century Communities from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. TheStreet raised Century Communities from a “c” rating to a “b-” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $30.50 to $32.50 in a research note on Wednesday. Zacks Investment Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, ValuEngine upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.63.
NYSE:CCS traded down $0.07 during trading hours on Friday, reaching $29.85. 426,600 shares of the stock were exchanged, compared to its average volume of 422,638. The stock has a market capitalization of $846.19 million, a P/E ratio of 7.58 and a beta of 1.25. Century Communities has a 52 week low of $16.35 and a 52 week high of $31.23. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.99. The firm has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $26.26.
In related news, insider John Scott Dixon sold 8,747 shares of Century Communities stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.22, for a total value of $238,093.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert J. Francescon sold 100,000 shares of Century Communities stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $26.05, for a total value of $2,605,000.00. Following the completion of the transaction, the chief executive officer now owns 376,280 shares in the company, valued at $9,802,094. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,747 shares of company stock worth $4,925,843. 14.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Clearbridge Investments LLC acquired a new position in shares of Century Communities in the 1st quarter worth $25,000. Rhumbline Advisers grew its holdings in shares of Century Communities by 3.6% in the 1st quarter. Rhumbline Advisers now owns 37,556 shares of the construction company’s stock worth $900,000 after acquiring an additional 1,303 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Century Communities by 1,419.2% in the 2nd quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock worth $61,000 after acquiring an additional 2,143 shares during the last quarter. First Dallas Securities Inc. grew its holdings in shares of Century Communities by 24.7% in the 1st quarter. First Dallas Securities Inc. now owns 15,150 shares of the construction company’s stock worth $363,000 after acquiring an additional 3,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Century Communities in the 1st quarter worth $100,000. Institutional investors and hedge funds own 98.50% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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