Century Communities (NYSE:CCS) Releases Earnings Results, Beats Expectations By $0.33 EPS

Century Communities (NYSE:CCS) posted its earnings results on Wednesday. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.33, Zacks reports. Century Communities had a return on equity of 13.79% and a net margin of 7.44%.

Century Communities Stock Down 2.5 %

CCS traded down $1.88 during trading on Wednesday, reaching $74.67. The stock had a trading volume of 655,465 shares, compared to its average volume of 407,008. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 7.44 and a beta of 1.91. The stock’s 50 day moving average is $79.74 and its two-hundred day moving average is $90.48. Century Communities has a one year low of $68.49 and a one year high of $108.42.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.39%. Century Communities’s payout ratio is 10.37%.

Analyst Ratings Changes

CCS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Wedbush lifted their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

About Century Communities

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.