FY2024 Earnings Forecast for Century Communities, Inc. Issued By B. Riley (NYSE:CCS)

Century Communities, Inc. (NYSE:CCS) – Equities researchers at B. Riley lifted their FY2024 earnings per share estimates for shares of Century Communities in a note issued to investors on Thursday, April 25th. B. Riley analyst A. Rygiel now anticipates that the construction company will earn $10.35 per share for the year, up from their prior forecast of $10.20. B. Riley currently has a “Buy” rating and a $110.00 price target on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.06 per share. B. Riley also issued estimates for Century Communities’ Q4 2024 earnings at $3.17 EPS.

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

Separately, Wedbush reiterated an “underperform” rating and set a $82.00 price target on shares of Century Communities in a report on Thursday.

Century Communities Stock Performance

Century Communities stock opened at $78.82 on Friday. 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. The stock has a fifty day moving average of $86.39 and a two-hundred day moving average of $81.02. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71.

Century Communities Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Institutional Trading of Century Communities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCS. SummerHaven Investment Management LLC boosted its position in shares of Century Communities by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 9,457 shares of the construction company’s stock worth $862,000 after acquiring an additional 128 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Century Communities by 1.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock valued at $924,000 after acquiring an additional 170 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Century Communities by 4.8% during the fourth quarter. M&T Bank Corp now owns 4,084 shares of the construction company’s stock worth $372,000 after purchasing an additional 188 shares in the last quarter. Keybank National Association OH lifted its position in Century Communities by 3.6% during the 3rd quarter. Keybank National Association OH now owns 7,650 shares of the construction company’s stock worth $511,000 after acquiring an additional 264 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Century Communities by 42.5% in the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock worth $87,000 after acquiring an additional 270 shares during the period. Hedge funds and other institutional investors 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.