Century Communities, Inc (NYSE:CCS) – Research analysts at B. Riley raised their FY2018 earnings per share estimates for shares of Century Communities in a research report issued on Wednesday. B. Riley analyst A. Rygiel now expects that the construction company will earn $3.93 per share for the year, up from their previous estimate of $3.40. B. Riley has a “Buy” rating and a $41.00 price objective on the stock.
Century Communities (NYSE:CCS) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.30. The firm had revenue of $374.90 million for the quarter, compared to analyst estimates of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. Century Communities’s revenue was up 51.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS.
Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday. FBR & Co reiterated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, October 3rd. Wedbush boosted their price target on shares of Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. JPMorgan Chase & Co. upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $32.00 in a research note on Thursday, September 14th. Finally, ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.17.
Shares of Century Communities (NYSE:CCS) traded up $0.40 on Friday, reaching $34.05. 369,000 shares of the company traded hands, compared to its average volume of 375,900. The stock has a market cap of $938.87, a price-to-earnings ratio of 16.06 and a beta of 1.17. Century Communities has a 12-month low of $20.30 and a 12-month high of $34.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.87 and a current ratio of 0.87.
A number of large investors have recently modified their holdings of CCS. Boston Partners increased its stake in Century Communities by 107.5% during the third quarter. Boston Partners now owns 705,530 shares of the construction company’s stock worth $17,427,000 after purchasing an additional 365,540 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Century Communities by 32.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock worth $29,114,000 after buying an additional 285,856 shares in the last quarter. Alpine Woods Capital Investors LLC acquired a new position in shares of Century Communities during the third quarter worth about $3,705,000. Peregrine Capital Management LLC grew its position in shares of Century Communities by 26.9% during the third quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock worth $11,972,000 after buying an additional 102,878 shares in the last quarter. Finally, Lyon Street Capital LLC grew its position in shares of Century Communities by 110.9% during the third quarter. Lyon Street Capital LLC now owns 149,670 shares of the construction company’s stock worth $3,697,000 after buying an additional 78,711 shares in the last quarter. Institutional investors own 66.30% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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