Century Communities Inc. (NYSE:CCS) – Research analysts at FBR & Co lowered their Q3 2016 earnings per share estimates for shares of Century Communities in a note issued to investors on Wednesday. FBR & Co analyst A. Rygiel now expects that the brokerage will earn $0.60 per share for the quarter, down from their previous estimate of $0.66. FBR & Co currently has a “Outperform” rating on the stock. FBR & Co also issued estimates for Century Communities’ Q4 2016 earnings at $0.84 EPS, FY2016 earnings at $2.45 EPS, Q1 2017 earnings at $0.35 EPS, Q2 2017 earnings at $0.68 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $1.04 EPS and FY2017 earnings at $2.90 EPS.
Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.08. Century Communities had a net margin of 5.39% and a return on equity of 10.86%. The firm had revenue of $257.20 million for the quarter, compared to analysts’ expectations of $216.29 million. During the same quarter last year, the company posted $0.46 earnings per share. Century Communities’s revenue was up 37.7% on a year-over-year basis.
Several other research firms have also issued reports on CCS. Citigroup Inc. initiated coverage on shares of Century Communities in a research note on Thursday, September 1st. They issued a “buy” rating and a $23.00 price objective for the company. Wedbush initiated coverage on shares of Century Communities in a research note on Monday, September 19th. They issued an “outperform” rating and a $30.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.25.
Shares of Century Communities (NYSE:CCS) traded down 0.24% during trading on Thursday, reaching $21.07. 12,751 shares of the company’s stock were exchanged. The company has a market capitalization of $435.54 million, a PE ratio of 9.98 and a beta of 0.99. Century Communities has a 52-week low of $13.11 and a 52-week high of $21.64. The company has a 50 day moving average price of $20.23 and a 200-day moving average price of $18.41.
In related news, insider Robert J. Francescon sold 71,250 shares of Century Communities stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $19.99, for a total value of $1,424,287.50. Following the transaction, the insider now owns 435,504 shares in the company, valued at approximately $8,705,724.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dale Francescon sold 67,250 shares of Century Communities stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.00, for a total transaction of $1,345,000.00. Following the completion of the transaction, the insider now owns 435,504 shares in the company, valued at approximately $8,710,080. The disclosure for this sale can be found here. 28.73% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CCS. Spark Investment Management LLC bought a new position in Century Communities during the first quarter valued at about $204,000. State Street Corp increased its position in Century Communities by 39.0% in the first quarter. State Street Corp now owns 270,397 shares of the company’s stock valued at $4,619,000 after buying an additional 75,822 shares during the last quarter. Geode Capital Management LLC increased its position in Century Communities by 12.2% in the first quarter. Geode Capital Management LLC now owns 95,394 shares of the company’s stock valued at $1,628,000 after buying an additional 10,390 shares during the last quarter. Renaissance Technologies LLC increased its position in Century Communities by 31.2% in the first quarter. Renaissance Technologies LLC now owns 92,200 shares of the company’s stock valued at $1,574,000 after buying an additional 21,900 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Century Communities by 2.7% in the first quarter. Royal Bank of Canada now owns 45,412 shares of the company’s stock valued at $775,000 after buying an additional 1,176 shares during the last quarter. Institutional investors own 61.14% of the company’s stock.
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