Century Communities (NYSE:CCS – Get Free Report) 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
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.
Get Our Latest Stock Analysis on Century Communities
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.
Read More
- Five stocks we like better than Century Communities
- 3 Best Fintech Stocks for a Portfolio Boost
- Texas Roadhouse Stock Steering for New Highs This Year
- Financial Services Stocks Investing
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- 3 Tickers Leading a Meme Stock Revival
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.