Century Communities, Inc. (NYSE:CCS – Get Rating) – Analysts at B. Riley lifted their Q3 2022 earnings per share (EPS) estimates for shares of Century Communities in a report issued on Thursday, April 28th. B. Riley analyst A. Rygiel now anticipates that the construction company will earn $4.53 per share for the quarter, up from their previous estimate of $4.45. B. Riley currently has a “Buy” rating and a $84.00 target price on the stock. B. Riley also issued estimates for Century Communities’ Q4 2022 earnings at $4.83 EPS and FY2022 earnings at $17.81 EPS.
A number of other research firms have also commented on CCS. Zacks Investment Research lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Century Communities from $74.50 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, April 13th. StockNews.com started coverage on Century Communities in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Wedbush dropped their price objective on Century Communities from $110.00 to $94.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $76.80.
Century Communities (NYSE:CCS – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The construction company reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.50. 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 business posted $3.00 EPS.
Hedge funds have recently modified their holdings of the stock. Catalyst Capital Advisors LLC bought a new position in shares of Century Communities during the fourth quarter valued at $29,000. SG Americas Securities LLC bought a new position in shares of Century Communities during the first quarter valued at $100,000. Macquarie Group Ltd. lifted its holdings in shares of Century Communities by 81.2% during the third quarter. Macquarie Group Ltd. now owns 1,946 shares of the construction company’s stock valued at $120,000 after acquiring an additional 872 shares during the period. New Century Advisors LLC lifted its holdings in shares of Century Communities by 21.9% during the first quarter. New Century Advisors LLC now owns 2,437 shares of the construction company’s stock valued at $131,000 after acquiring an additional 438 shares during the period. Finally, Islay Capital Management LLC bought a new position in shares of Century Communities during the first quarter valued at $134,000. 85.56% of the stock is owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 16th. Stockholders 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. The ex-dividend date was Tuesday, March 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.52%. Century Communities’s dividend payout ratio (DPR) is presently 5.08%.
About Century Communities (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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