Century Communities (NYSE:CCS – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Century Communities to post earnings of $1.59 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Century Communities (NYSE:CCS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.64. The business had revenue of $818.36 million during the quarter, compared to analyst estimates of $718.45 million. Century Communities had a net margin of 7.87% and a return on equity of 14.70%. The firm’s revenue for the quarter was down 27.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.78 earnings per share. On average, analysts expect Century Communities to post $6 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Century Communities Stock Down 0.4 %
Shares of CCS opened at $61.85 on Wednesday. The company has a 50-day simple moving average of $69.17 and a 200-day simple moving average of $69.34. The firm has a market capitalization of $1.98 billion, a P/E ratio of 6.48 and a beta of 1.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.52 and a current ratio of 1.52. Century Communities has a 52 week low of $40.26 and a 52 week high of $82.70.
Century Communities Announces Dividend
Institutional Investors Weigh In On Century Communities
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Century Communities by 2.4% in the first quarter. BlackRock Inc. now owns 5,029,717 shares of the construction company’s stock worth $321,499,000 after purchasing an additional 118,079 shares during the period. Vanguard Group Inc. increased its position in shares of Century Communities by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,167,858 shares of the construction company’s stock worth $116,132,000 after acquiring an additional 39,505 shares in the last quarter. State Street Corp increased its position in shares of Century Communities by 5.9% during the first quarter. State Street Corp now owns 1,313,759 shares of the construction company’s stock worth $70,378,000 after acquiring an additional 72,801 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Century Communities by 3.5% during the second quarter. Geode Capital Management LLC now owns 556,496 shares of the construction company’s stock worth $42,639,000 after acquiring an additional 18,769 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Century Communities by 25.0% during the first quarter. Clearbridge Investments LLC now owns 523,867 shares of the construction company’s stock worth $28,064,000 after acquiring an additional 104,666 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Century Communities in a research report on Thursday, October 5th. They set a “hold” rating for the company. B. Riley upped their target price on shares of Century Communities from $82.00 to $92.00 in a research note on Thursday, July 27th. Finally, Wedbush reissued an “outperform” rating and issued a $89.00 target price on shares of Century Communities in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average price target of $76.33.
Check Out Our Latest Analysis on Century Communities
Century Communities Company Profile
Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.
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