Century Communities (NYSE:CCS – Get Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16, Briefing.com reports. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 earnings per share.
Century Communities Price Performance
Century Communities stock traded down $2.71 during mid-day trading on Friday, reaching $91.17. 112,274 shares of the company were exchanged, compared to its average volume of 300,079. The firm has a market cap of $2.90 billion, a PE ratio of 10.42 and a beta of 1.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day simple moving average of $99.18 and a 200-day simple moving average of $90.55. Century Communities has a 12 month low of $59.69 and a 12 month high of $108.42.
Century Communities Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is currently 11.54%.
Insider Activity
Analysts Set New Price Targets
Several equities analysts recently weighed in on CCS shares. Wedbush raised their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday. B. Riley reiterated a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday.
Check Out Our Latest Stock Analysis on Century Communities
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.
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