Century Communities (NYSE:CCS) Announces Quarterly Earnings Results

Century Communities (NYSE:CCS) issued its quarterly earnings data on Wednesday. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16, Briefing.com reports. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company posted $2.58 EPS.

Century Communities Trading Down 2.2 %

Shares of CCS stock traded down $2.03 during trading hours on Friday, reaching $91.85. 45,084 shares of the stock were exchanged, compared to its average volume of 299,755. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.42 and a beta of 1.85. Century Communities has a 12-month low of $59.69 and a 12-month high of $108.42. The company’s 50-day moving average price is $99.18 and its 200-day moving average price is $90.55. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio is currently 11.54%.

Insider Buying and Selling

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the transaction, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the sale, the chief executive officer now owns 477,931 shares of the company’s stock, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CCS has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a report on Thursday. Wedbush raised their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday.

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.