Century Communities, Inc. (NYSE:CCS) Shares to Pay Quarterly Dividend of $0.32

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.32 per share by the construction company on Wednesday, December 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, November 25th.

Century Communities has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $2.31 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 55.4%.

Century Communities Trading Up 9.1%

CCS opened at $57.18 on Thursday. The firm has a market cap of $1.62 billion, a P/E ratio of 15.25 and a beta of 1.30. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $59.52 and a 200 day moving average of $62.03. Century Communities has a 12 month low of $47.28 and a 12 month high of $76.00.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.21). The company had revenue of $864.47 million for the quarter, compared to analysts’ expectations of $949.83 million. Century Communities had a net margin of 2.86% and a return on equity of 5.41%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, research analysts forecast that Century Communities will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CCS shares. Weiss Ratings lowered Century Communities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. B. Riley Financial reduced their price objective on shares of Century Communities from $64.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Finally, Wall Street Zen downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $63.00.

Century Communities Company Profile

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.