Century Communities (CCS) Set to Announce Earnings on Wednesday

Century Communities (NYSE:CCS) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Century Communities to post earnings of $1.55 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $915.91 million. On average, analysts expect Century Communities to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Century Communities Trading Down 2.1 %

Shares of NYSE:CCS opened at $80.59 on Wednesday. Century Communities has a 52-week low of $58.01 and a 52-week high of $97.92. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 10.01 and a beta of 1.71. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $87.61 and a 200-day moving average price of $80.33.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.29%. This is a boost from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio (DPR) is presently 12.92%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCS shares. Wedbush reiterated an “underperform” rating and set a $82.00 price target (down from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd. B. Riley lifted their price target on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 1st.

Institutional Trading of Century Communities

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its stake in shares of Century Communities by 77.4% in the second quarter. Benjamin Edwards Inc. now owns 1,471 shares of the construction company’s stock worth $113,000 after acquiring an additional 642 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new position in Century Communities during the third quarter worth $120,000. State of Wyoming boosted its stake in Century Communities by 8.6% during the fourth quarter. State of Wyoming now owns 2,596 shares of the construction company’s stock worth $130,000 after buying an additional 206 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Century Communities by 13.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the construction company’s stock worth $134,000 after buying an additional 204 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its stake in Century Communities by 125.4% during the first quarter. Point72 Hong Kong Ltd now owns 2,527 shares of the construction company’s stock worth $135,000 after buying an additional 1,406 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

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 homebuyers.