Century Communities, Inc. (NYSE:CCS) to Post Q2 2024 Earnings of $2.41 Per Share, B. Riley Forecasts

Century Communities, Inc. (NYSE:CCS) – Research analysts at B. Riley upped their Q2 2024 earnings per share (EPS) estimates for shares of Century Communities in a report issued on Thursday, April 25th. B. Riley analyst A. Rygiel now expects that the construction company will post earnings of $2.41 per share for the quarter, up from their previous estimate of $2.06. 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 $10.36 per share. B. Riley also issued estimates for Century Communities’ Q3 2024 earnings at $2.50 EPS.

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

Century Communities Stock Up 0.6 %

CCS stock opened at $78.82 on Monday. The firm has a market cap of $2.50 billion, a PE ratio of 8.75 and a beta of 1.71. Century Communities has a 1 year low of $58.01 and a 1 year high of $97.92. The company has a fifty day simple moving average of $86.39 and a 200 day simple moving average of $81.26. The company has a current ratio of 1.20, a quick ratio of 1.46 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The company had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million.

Hedge Funds Weigh In On Century Communities

A number of institutional investors have recently modified their holdings of CCS. NBC Securities Inc. acquired a new position in shares of Century Communities during the 3rd quarter worth about $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Century Communities during the fourth quarter worth approximately $36,000. GAMMA Investing LLC acquired a new position in shares of Century Communities during the fourth quarter worth approximately $55,000. Quantbot Technologies LP bought a new stake in shares of Century Communities in the third quarter valued at approximately $59,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Century Communities in the fourth quarter worth $107,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Increases Dividend

The business also recently declared 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. This represents a $1.04 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, February 27th. This is an increase from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio (DPR) is 11.54%.

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.