Century Communities (NYSE:CCS) Releases Earnings Results, Beats Estimates By $0.20 EPS

by · The Cerbat Gem

Century Communities (NYSE:CCS – Get Free Report) issued its quarterly earnings data on Wednesday. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20, FiscalAI reports. Century Communities had a net margin of 5.16% and a return on equity of 9.36%.

Century Communities Price Performance

Shares of Century Communities stock traded up $0.44 during mid-day trading on Wednesday, reaching $63.89. 327,826 shares of the stock traded hands, compared to its average volume of 281,206. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average of $62.76 and a 200 day moving average of $62.48. The stock has a market capitalization of $1.88 billion, a PE ratio of 9.33 and a beta of 1.56. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $80.53.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, November 26th. Century Communities’s payout ratio is 16.93%.

Analyst Upgrades and Downgrades

CCS has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Citizens Jmp started coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $56.00 price objective on shares of Century Communities in a research report on Thursday, December 4th. Finally, Citigroup began coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $76.50.

Get Our Latest Research Report on Century Communities

Institutional Investors Weigh In On Century Communities

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Century Communities by 7.8% during the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after purchasing an additional 173 shares during the last quarter. Focus Partners Wealth purchased a new position in Century Communities in the third quarter valued at approximately $195,000. Finally, Schroder Investment Management Group acquired a new stake in Century Communities during the third quarter worth approximately $240,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

About Century Communities

(Get Free Report)

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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