Analysts Anticipate Century Communities, Inc (CCS) Will Announce Earnings of $0.64 Per Share

Equities research analysts expect that Century Communities, Inc (NYSE:CCS) will report earnings of $0.64 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Century Communities’ earnings, with estimates ranging from $0.56 to $0.75. Century Communities posted earnings of $0.71 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 9.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that Century Communities will report full year earnings of $2.12 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.21. For the next fiscal year, analysts anticipate that the business will post earnings of $3.66 per share, with EPS estimates ranging from $3.01 to $3.93. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Century Communities.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.30. The firm had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The company’s quarterly revenue was up 51.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS.

Several research firms have weighed in on CCS. B. Riley restated a “buy” rating and issued a $41.00 price objective on shares of Century Communities in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush lifted their price target on shares of Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. Finally, FBR & Co reiterated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.17.

Several large investors have recently modified their holdings of CCS. SG Americas Securities LLC acquired a new stake in shares of Century Communities during the 3rd quarter worth approximately $120,000. Fox Run Management L.L.C. acquired a new stake in shares of Century Communities during the 4th quarter worth approximately $202,000. Alliancebernstein L.P. acquired a new stake in shares of Century Communities during the 2nd quarter worth approximately $216,000. Cubist Systematic Strategies LLC bought a new position in Century Communities during the 3rd quarter worth approximately $224,000. Finally, Nordea Investment Management AB boosted its stake in Century Communities by 31.4% during the 2nd quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock worth $228,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors own 66.30% of the company’s stock.

Shares of Century Communities (NYSE CCS) opened at $34.30 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $959.55, a PE ratio of 16.03 and a beta of 1.17. Century Communities has a 1 year low of $20.75 and a 1 year high of $36.00.

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Century Communities Company Profile

Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.

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