Equities analysts expect Century Communities, Inc. (NYSE:CCS) to announce sales of $1.09 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Century Communities’ earnings. The lowest sales estimate is $1.08 billion and the highest is $1.10 billion. Century Communities posted sales of $794.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 37.2%. The company is expected to issue its next quarterly earnings report on Wednesday, October 27th.
On average, analysts expect that Century Communities will report full-year sales of $4.29 billion for the current financial year, with estimates ranging from $4.21 billion to $4.38 billion. For the next year, analysts expect that the company will post sales of $4.76 billion, with estimates ranging from $4.55 billion to $4.96 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Century Communities.
Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, July 28th. The construction company reported $3.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.82 by $0.65. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Century Communities had a return on equity of 27.19% and a net margin of 9.42%.
B. Riley upped their price objective on shares of Century Communities from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Finally, Zelman & Associates raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Thursday, July 29th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Century Communities presently has an average rating of “Buy” and a consensus price target of $80.50.
Shares of Century Communities stock traded down $0.45 on Friday, hitting $64.93. 7,266 shares of the company traded hands, compared to its average volume of 496,305. The stock’s 50 day moving average price is $66.94 and its 200-day moving average price is $67.47. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.61. Century Communities has a 52 week low of $36.84 and a 52 week high of $83.20. The company has a market cap of $2.19 billion, a PE ratio of 6.13 and a beta of 1.95.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, August 31st. Century Communities’s dividend payout ratio is presently 9.65%.
In related news, CEO Robert J. Francescon sold 90,000 shares of the stock in a transaction on Wednesday, August 11th. The shares were sold at an average price of $72.08, for a total value of $6,487,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its holdings in shares of Century Communities by 45.9% during the first quarter. Advisors Asset Management Inc. now owns 423 shares of the construction company’s stock worth $26,000 after buying an additional 133 shares in the last quarter. Texas Permanent School Fund grew its holdings in Century Communities by 0.9% in the second quarter. Texas Permanent School Fund now owns 21,864 shares of the construction company’s stock valued at $1,455,000 after purchasing an additional 185 shares during the period. Lazard Asset Management LLC grew its holdings in Century Communities by 30.2% in the second quarter. Lazard Asset Management LLC now owns 840 shares of the construction company’s stock valued at $55,000 after purchasing an additional 195 shares during the period. Mutual of America Capital Management LLC grew its holdings in Century Communities by 7.0% in the first quarter. Mutual of America Capital Management LLC now owns 3,875 shares of the construction company’s stock valued at $234,000 after purchasing an additional 252 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its position in Century Communities by 29.6% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,240 shares of the construction company’s stock valued at $83,000 after buying an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 85.55% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, Southeast, and Wade Journey Homes. The West segment refers to Southern California, Central Valley, Bay Area and Washington.
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