Century Communities Inc (NYSE:CCS) – Investment analysts at B. Riley decreased their Q2 2019 EPS estimates for Century Communities in a research note issued to investors on Friday, May 3rd, according to Zacks Investment Research. B. Riley analyst A. Rygiel now expects that the construction company will post earnings per share of $1.00 for the quarter, down from their previous estimate of $1.02. B. Riley also issued estimates for Century Communities’ Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $1.49 EPS and FY2020 earnings at $5.10 EPS.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. Century Communities had a return on equity of 13.66% and a net margin of 4.11%. The company had revenue of $472.60 million for the quarter, compared to the consensus estimate of $448.81 million. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year.
Several other equities research analysts also recently issued reports on the company. TheStreet downgraded Century Communities from a “b-” rating to a “c” rating in a research report on Friday. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. ValuEngine upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Wedbush lowered shares of Century Communities from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $24.00 in a report on Friday, February 8th. Finally, Zelman & Associates upgraded shares of Century Communities from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Century Communities presently has an average rating of “Hold” and an average price target of $31.70.
CCS traded up $0.13 during midday trading on Monday, reaching $27.38. 533,188 shares of the company were exchanged, compared to its average volume of 515,772. Century Communities has a one year low of $16.35 and a one year high of $35.50. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $834.63 million, a P/E ratio of 6.95 and a beta of 1.56.
Several institutional investors have recently bought and sold shares of CCS. Victory Capital Management Inc. grew its stake in Century Communities by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 13,967 shares of the construction company’s stock worth $241,000 after acquiring an additional 544 shares in the last quarter. Legal & General Group Plc lifted its position in Century Communities by 21.7% during the fourth quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock valued at $86,000 after acquiring an additional 882 shares during the last quarter. James Investment Research Inc. lifted its position in Century Communities by 3.9% during the first quarter. James Investment Research Inc. now owns 26,975 shares of the construction company’s stock valued at $647,000 after acquiring an additional 1,010 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Century Communities by 176.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Century Communities by 3.6% in the first quarter. Rhumbline Advisers now owns 37,556 shares of the construction company’s stock worth $900,000 after buying an additional 1,303 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.