Century Communities (NYSE:CCS) Issues Quarterly Earnings Results, Beats Estimates By $0.50 EPS

Century Communities (NYSE:CCS – Get Rating) posted its quarterly earnings data on Wednesday. The construction company reported $4.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.70 by $0.50, MarketWatch Earnings reports. Century Communities had a return on equity of 34.04% and a net margin of 12.77%. During the same period in the prior year, the company posted $3.00 earnings per share.

Shares of Century Communities stock opened at $52.72 on Friday. The business has a 50-day moving average of $56.71 and a 200 day moving average of $65.88. Century Communities has a 12 month low of $46.63 and a 12 month high of $86.07. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 3.35 and a beta of 1.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.90 and a quick ratio of 1.90.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 16th. Investors of record on Wednesday, March 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. This is a boost from Century Communities’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 1st. Century Communities’s dividend payout ratio (DPR) is 5.08%.

A number of institutional investors have recently made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of Century Communities by 61.8% in the 2nd quarter. Morgan Stanley now owns 381,646 shares of the construction company’s stock valued at $25,395,000 after buying an additional 145,772 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Century Communities by 107.1% in the 4th quarter. JPMorgan Chase & Co. now owns 74,574 shares of the construction company’s stock valued at $6,099,000 after buying an additional 38,562 shares during the period. Barclays PLC boosted its stake in shares of Century Communities by 16.0% in the 4th quarter. Barclays PLC now owns 89,198 shares of the construction company’s stock valued at $7,295,000 after buying an additional 12,305 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Century Communities by 4.1% in the 4th quarter. Nuveen Asset Management LLC now owns 93,740 shares of the construction company’s stock valued at $7,306,000 after buying an additional 3,673 shares during the period. Finally, Credit Suisse AG boosted its stake in shares of Century Communities by 2.6% in the 4th quarter. Credit Suisse AG now owns 25,378 shares of the construction company’s stock valued at $2,075,000 after buying an additional 651 shares during the period. Institutional investors own 85.56% of the company’s stock.

Several research analysts recently commented on CCS shares. Wedbush reduced their price objective on Century Communities from $110.00 to $94.00 in a research note on Thursday. StockNews.com assumed coverage on Century Communities in a research note on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley cut their target price on Century Communities from $108.00 to $84.00 and set a “buy” rating for the company in a research note 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 for the company in a research note on Wednesday, April 13th. Finally, Zacks Investment Research downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.80.

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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