Equities Analysts Offer Predictions for Century Communities, Inc.’s Q2 2024 Earnings (NYSE:CCS)

Century Communities, Inc. (NYSE:CCS) – Analysts at Wedbush boosted their Q2 2024 earnings per share (EPS) estimates for Century Communities in a report issued on Thursday, April 25th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $2.36 per share for the quarter, up from their previous forecast of $2.24. Wedbush has a “Underperform” rating and a $82.00 price target on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.11 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 issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. The business had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million.

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

Century Communities Stock Up 0.6 %

CCS stock opened at $78.82 on Friday. The firm has a market cap of $2.50 billion, a price-to-earnings 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 firm has a fifty day moving average price of $86.39 and a two-hundred day moving average price of $81.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.46.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System bought a new stake in Century Communities in the fourth quarter valued at $1,285,000. American Century Companies Inc. boosted its stake in Century Communities by 33.1% during the 3rd quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock valued at $26,332,000 after purchasing an additional 97,953 shares during the period. Envestnet Asset Management Inc. grew its position in Century Communities by 19.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock worth $4,952,000 after purchasing an additional 12,024 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Century Communities in the fourth quarter valued at approximately $1,051,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Century Communities by 283.4% in the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock valued at $2,145,000 after purchasing an additional 23,742 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a $0.26 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. 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.