Century Communities, Inc. (NYSE:CCS) to Post Q2 2024 Earnings of $2.36 Per Share, Wedbush Forecasts

Century Communities, Inc. (NYSE:CCS) – Research analysts at Wedbush upped their Q2 2024 earnings per share estimates for shares of Century Communities in a research note issued to investors on Thursday, April 25th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $2.36 per share for the quarter, up from their prior estimate of $2.24. Wedbush currently has a “Underperform” rating and a $82.00 target price on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.06 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.

Separately, B. Riley upped 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.

Century Communities Trading Up 0.6 %

CCS opened at $78.82 on Friday. The business has a 50 day simple moving average of $86.39 and a two-hundred day simple moving average of $81.02. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. Century Communities has a one year low of $58.01 and a one year high of $97.92.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. The business had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. Century Communities had a return on equity of 13.06% and a net margin of 7.47%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its position in shares of Century Communities by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 9,457 shares of the construction company’s stock worth $862,000 after acquiring an additional 128 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Century Communities by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock worth $924,000 after acquiring an additional 170 shares in the last quarter. M&T Bank Corp raised its position in shares of Century Communities by 4.8% in the 4th quarter. M&T Bank Corp now owns 4,084 shares of the construction company’s stock worth $372,000 after acquiring an additional 188 shares in the last quarter. Keybank National Association OH raised its position in shares of Century Communities by 3.6% in the 3rd quarter. Keybank National Association OH now owns 7,650 shares of the construction company’s stock worth $511,000 after acquiring an additional 264 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Century Communities by 42.5% in the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock worth $87,000 after buying an additional 270 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were given a $0.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio is currently 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.