Zacks: Brokerages Expect Century Communities, Inc. (NYSE:CCS) to Announce $3.65 Earnings Per Share

Wall Street brokerages expect that Century Communities, Inc. (NYSE:CCSGet Rating) will post earnings of $3.65 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Communities’ earnings. The highest EPS estimate is $3.96 and the lowest is $3.47. Century Communities reported earnings of $3.00 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.7%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Century Communities will report full year earnings of $16.86 per share for the current fiscal year, with EPS estimates ranging from $16.00 to $17.73. For the next year, analysts expect that the company will post earnings of $18.00 per share, with EPS estimates ranging from $17.38 to $18.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Century Communities.

Century Communities (NYSE:CCSGet Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The construction company reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.08 by $0.70. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Century Communities had a return on equity of 32.75% and a net margin of 11.82%. Century Communities’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.75 EPS.

Several brokerages have recently weighed in on CCS. B. Riley cut their target price on Century Communities from $108.00 to $84.00 and set a “buy” rating on the stock in a research report on Wednesday, April 6th. JPMorgan Chase & Co. cut their target price on Century Communities from $74.50 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday. Zacks Investment Research lowered Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Finally, StockNews.com began coverage on Century Communities in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $80.00.

CCS stock opened at $50.83 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.90 and a quick ratio of 1.90. Century Communities has a 1 year low of $46.63 and a 1 year high of $86.07. The firm has a market capitalization of $1.69 billion, a P/E ratio of 3.49 and a beta of 1.98. The business’s 50-day moving average is $58.85 and its two-hundred day moving average is $66.57.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Wednesday, March 2nd were paid a $0.20 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Tuesday, March 1st. Century Communities’s dividend payout ratio (DPR) is 5.49%.

Several hedge funds have recently made changes to their positions in CCS. Foundry Partners LLC boosted its stake in shares of Century Communities by 2.8% in the first quarter. Foundry Partners LLC now owns 7,635 shares of the construction company’s stock valued at $409,000 after buying an additional 205 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Century Communities in the first quarter valued at approximately $370,000. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 11.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 867,052 shares of the construction company’s stock valued at $70,916,000 after buying an additional 86,905 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Century Communities by 3.3% in the fourth quarter. BlackRock Inc. now owns 5,246,935 shares of the construction company’s stock valued at $429,148,000 after buying an additional 169,936 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its stake in shares of Century Communities by 3.9% in the fourth quarter. Vident Investment Advisory LLC now owns 34,916 shares of the construction company’s stock valued at $2,857,000 after buying an additional 1,305 shares in the last quarter. Institutional investors own 85.56% of the company’s stock.

Century Communities Company Profile (Get Rating)

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 home buyers.

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Earnings History and Estimates for Century Communities (NYSE:CCS)

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