Century Communities (NYSE:CCS – Get Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $2.39 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Century Communities (NYSE:CCS – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.24. Century Communities had a return on equity of 32.06% and a net margin of 13.47%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.09 billion. On average, analysts expect Century Communities to post $16 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Century Communities Stock Up 0.8 %
Shares of NYSE:CCS opened at $59.50 on Wednesday. Century Communities has a 52-week low of $39.00 and a 52-week high of $68.56. The stock has a market cap of $1.89 billion, a P/E ratio of 3.27 and a beta of 1.68. The business’s 50 day moving average is $52.08 and its 200 day moving average is $48.85. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.
Century Communities Dividend Announcement
Analyst Upgrades and Downgrades
Several analysts have issued reports on CCS shares. BTIG Research assumed coverage on Century Communities in a research report on Tuesday, November 29th. They set a “neutral” rating on the stock. B. Riley increased their price objective on Century Communities from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, January 20th. Wedbush decreased their price objective on Century Communities from $94.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, October 10th. StockNews.com assumed coverage on Century Communities in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered Century Communities from an “overweight” rating to an “underweight” rating and increased their price objective for the company from $47.50 to $48.00 in a report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and an average target price of $57.00.
Insider Buying and Selling
In related news, CFO John Scott Dixon sold 3,558 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $53.38, for a total value of $189,926.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Century Communities
A number of institutional investors have recently modified their holdings of CCS. Renaissance Technologies LLC raised its stake in shares of Century Communities by 163.6% during the 1st quarter. Renaissance Technologies LLC now owns 247,654 shares of the construction company’s stock valued at $13,267,000 after buying an additional 153,700 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Century Communities by 165.8% during the 1st quarter. First Trust Advisors LP now owns 209,211 shares of the construction company’s stock valued at $11,207,000 after buying an additional 130,500 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Century Communities by 25.0% during the 1st quarter. Clearbridge Investments LLC now owns 523,867 shares of the construction company’s stock valued at $28,064,000 after buying an additional 104,666 shares during the last quarter. State Street Corp raised its stake in shares of Century Communities by 5.9% during the 1st quarter. State Street Corp now owns 1,313,759 shares of the construction company’s stock valued at $70,378,000 after buying an additional 72,801 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Century Communities by 72.6% during the 1st quarter. JPMorgan Chase & Co. now owns 128,730 shares of the construction company’s stock valued at $6,896,000 after buying an additional 54,156 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.
About Century Communities
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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