Century Communities, Inc. (NYSE:CCS) to Post Q2 2024 Earnings of $2.36 Per Share, Wedbush Forecasts

Century Communities, Inc. (NYSE:CCS) – Equities researchers at Wedbush boosted their Q2 2024 earnings per share estimates for Century Communities in a research note issued to investors on Thursday, April 25th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $2.36 for the quarter, up from their previous estimate of $2.24. Wedbush currently has a “Underperform” rating and a $82.00 target price on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.06 per share. Wedbush also issued estimates for Century Communities’ Q4 2024 earnings at $3.34 EPS, Q2 2025 earnings at $2.57 EPS and FY2025 earnings at $11.27 EPS.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.55 by $0.67. The firm had revenue of $948.54 million for the quarter, compared to analyst estimates of $791.67 million. Century Communities had a return on equity of 13.06% and a net margin of 7.47%.

Separately, B. Riley lifted their target price on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

Century Communities Stock Performance

Shares of Century Communities stock opened at $78.82 on Friday. The firm has a market cap of $2.50 billion, a P/E ratio of 8.75 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. Century Communities has a 12 month low of $58.01 and a 12 month high of $97.92. The stock’s fifty day moving average price is $86.39 and its 200-day moving average price is $81.02.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, February 27th. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s payout ratio is 11.54%.

Institutional Investors Weigh In On Century Communities

Institutional investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. acquired a new stake in Century Communities in the fourth quarter worth about $36,000. NBC Securities Inc. acquired a new stake in Century Communities in the third quarter worth about $33,000. GAMMA Investing LLC acquired a new stake in shares of Century Communities during the fourth quarter worth about $55,000. Quantbot Technologies LP acquired a new stake in shares of Century Communities during the third quarter worth about $59,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Century Communities during the fourth quarter worth about $107,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.