Century Communities (NYSE:CCS) Announces Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Century Communities (NYSE:CCS) issued its quarterly earnings data on Wednesday. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33, Zacks reports. Century Communities had a net margin of 7.59% and a return on equity of 14.37%.

Century Communities Trading Down 1.1 %

Shares of Century Communities stock traded down $0.88 during trading on Friday, hitting $77.33. The company’s stock had a trading volume of 84,856 shares, compared to its average volume of 413,591. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 7.44 and a beta of 1.91. Century Communities has a 52 week low of $68.49 and a 52 week high of $108.42. The stock has a 50-day moving average price of $79.33 and a two-hundred day moving average price of $90.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.34%. Century Communities’s dividend payout ratio (DPR) is presently 10.00%.

Analyst Ratings Changes

CCS has been the topic of several research analyst reports. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Wedbush reaffirmed a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday. Finally, B. Riley reiterated a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Company Profile

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.