Century Communities (NYSE:CCS) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Century Communities (NYSE:CCS) released its quarterly earnings data on Wednesday. The construction company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.46 by $0.19, Briefing.com reports. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a return on equity of 14.15% and a net margin of 7.90%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share.

Century Communities Trading Up 3.4 %

NYSE:CCS traded up $3.42 during mid-day trading on Friday, reaching $103.22. 29,579 shares of the company’s stock traded hands, compared to its average volume of 310,651. Century Communities has a 12-month low of $58.01 and a 12-month high of $105.17. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 11.08 and a beta of 1.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50 day moving average price of $84.80 and a 200-day moving average price of $85.87.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a yield of 1.01%. Century Communities’s dividend payout ratio is presently 11.54%.

Analysts Set New Price Targets

Several research firms have recently commented on CCS. Wedbush lifted their price objective on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday. B. Riley lifted their price objective on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday.

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.