Century Communities (CCS) Set to Announce Earnings on Wednesday

Century Communities (NYSE:CCS) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.55 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.66. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $915.91 million. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. On average, analysts expect Century Communities to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Century Communities Price Performance

CCS opened at $80.59 on Wednesday. The firm has a market cap of $2.56 billion, a P/E ratio of 10.01 and a beta of 1.71. The firm has a 50-day moving average of $87.61 and a 200 day moving average of $80.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46. Century Communities has a fifty-two week low of $58.01 and a fifty-two week high of $97.92.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 27th. This is an increase from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 1.29%. Century Communities’s dividend payout ratio is 12.92%.

Institutional Investors Weigh In On Century Communities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its stake in Century Communities by 77.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,471 shares of the construction company’s stock worth $113,000 after purchasing an additional 642 shares during the period. Alpha Paradigm Partners LLC purchased a new stake in Century Communities in the third quarter worth $120,000. State of Wyoming increased its stake in shares of Century Communities by 8.6% during the fourth quarter. State of Wyoming now owns 2,596 shares of the construction company’s stock valued at $130,000 after buying an additional 206 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Century Communities by 13.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the construction company’s stock valued at $134,000 after buying an additional 204 shares during the period. Finally, Point72 Hong Kong Ltd boosted its position in Century Communities by 125.4% during the first quarter. Point72 Hong Kong Ltd now owns 2,527 shares of the construction company’s stock valued at $135,000 after purchasing an additional 1,406 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. B. Riley raised their target price on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wedbush reaffirmed an “underperform” rating and issued a $82.00 price target (down previously from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd.

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.