Q3 2022 EPS Estimates for Century Communities, Inc. Reduced by Wedbush (NYSE:CCS)

Century Communities, Inc. (NYSE:CCSGet Rating) – Equities research analysts at Wedbush cut their Q3 2022 earnings per share (EPS) estimates for Century Communities in a note issued to investors on Thursday, July 28th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $4.34 per share for the quarter, down from their previous estimate of $4.54. The consensus estimate for Century Communities’ current full-year earnings is $18.81 per share. Wedbush also issued estimates for Century Communities’ Q1 2023 earnings at $3.64 EPS, Q2 2023 earnings at $3.95 EPS, Q3 2023 earnings at $5.00 EPS, Q4 2023 earnings at $6.12 EPS and FY2023 earnings at $18.73 EPS.

Century Communities (NYSE:CCSGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The construction company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.32. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Century Communities had a return on equity of 32.96% and a net margin of 12.77%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.47 earnings per share.

Several other analysts also recently issued reports on CCS. JPMorgan Chase & Co. cut their target price on shares of Century Communities from $70.50 to $57.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Wells Fargo & Company cut their target price on shares of Century Communities from $62.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, June 17th. Finally, B. Riley boosted their target price on shares of Century Communities from $57.00 to $61.00 in a research note on Thursday.

Century Communities Price Performance

Shares of NYSE:CCS opened at $51.17 on Monday. The company’s fifty day moving average is $49.18 and its two-hundred day moving average is $55.21. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Century Communities has a 12-month low of $39.00 and a 12-month high of $86.07. The company has a market cap of $1.68 billion, a P/E ratio of 3.25 and a beta of 1.87.

Hedge Funds Weigh In On Century Communities

Several institutional investors and hedge funds have recently modified their holdings of CCS. Kestra Advisory Services LLC bought a new stake in Century Communities in the fourth quarter worth $226,000. Bessemer Group Inc. bought a new stake in Century Communities in the fourth quarter worth $284,000. Allspring Global Investments Holdings LLC bought a new stake in Century Communities in the fourth quarter worth $1,797,000. Yousif Capital Management LLC bought a new stake in Century Communities in the fourth quarter worth $2,388,000. Finally, Qube Research & Technologies Ltd boosted its holdings in Century Communities by 37.9% in the fourth quarter. Qube Research & Technologies Ltd now owns 10,032 shares of the construction company’s stock worth $821,000 after purchasing an additional 2,756 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, May 31st. Century Communities’s dividend payout ratio is currently 5.08%.

About Century Communities

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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 home buyers.

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

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