$1.33 EPS Expected for Century Communities Inc (NYSE:CCS) This Quarter

Wall Street brokerages expect Century Communities Inc (NYSE:CCS) to post earnings per share (EPS) of $1.33 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Communities’ earnings. The lowest EPS estimate is $1.30 and the highest is $1.37. Century Communities posted earnings per share of $0.85 in the same quarter last year, which indicates a positive year over year growth rate of 56.5%. The business is expected to report its next earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Century Communities will report full-year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.57 to $3.62. For the next financial year, analysts expect that the company will report earnings of $4.28 per share, with EPS estimates ranging from $4.12 to $4.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Century Communities.

Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, October 29th. The construction company reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. Century Communities had a return on equity of 11.54% and a net margin of 3.58%. The business had revenue of $573.90 million during the quarter, compared to the consensus estimate of $567.22 million. During the same period last year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis.

CCS has been the subject of a number of recent research reports. TheStreet raised Century Communities from a “c” rating to a “b-” rating in a research note on Monday, August 12th. B. Riley raised their target price on Century Communities from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. ValuEngine downgraded Century Communities from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 5th. Wedbush raised their target price on Century Communities from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Century Communities has a consensus rating of “Buy” and an average price target of $35.10.

Shares of CCS traded down $0.15 during midday trading on Friday, reaching $27.16. The company had a trading volume of 287,644 shares, compared to its average volume of 422,746. Century Communities has a 1-year low of $16.35 and a 1-year high of $34.57. The stock has a market cap of $878.67 million, a PE ratio of 6.89 and a beta of 1.20. The firm has a 50 day simple moving average of $30.32 and a 200-day simple moving average of $28.30. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.94.

In other news, CEO Robert J. Francescon sold 75,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $27.77, for a total transaction of $2,082,750.00. Following the completion of the transaction, the chief executive officer now directly owns 326,280 shares in the company, valued at approximately $9,060,795.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 14.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Century Communities by 82.3% during the 2nd quarter. BlackRock Inc. now owns 4,671,673 shares of the construction company’s stock worth $124,172,000 after purchasing an additional 2,109,664 shares during the period. Vanguard Group Inc. grew its holdings in shares of Century Communities by 32.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,684,946 shares of the construction company’s stock worth $44,785,000 after purchasing an additional 409,852 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Century Communities by 49.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 885,587 shares of the construction company’s stock worth $23,539,000 after purchasing an additional 293,681 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Century Communities by 5,668.7% during the 2nd quarter. Victory Capital Management Inc. now owns 733,028 shares of the construction company’s stock worth $19,484,000 after purchasing an additional 720,321 shares during the period. Finally, Hodges Capital Management Inc. grew its holdings in shares of Century Communities by 4.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 619,492 shares of the construction company’s stock worth $16,466,000 after purchasing an additional 25,840 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.

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Earnings History and Estimates for Century Communities (NYSE:CCS)

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