Century Communities (NYSE:CCS) Issues Earnings Results

Century Communities (NYSE:CCS) released its quarterly earnings results on Wednesday. The construction company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.21), FiscalAI reports. The firm had revenue of $864.47 million during the quarter, compared to analysts’ expectations of $949.83 million. Century Communities had a return on equity of 5.41% and a net margin of 2.86%. Century Communities’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 earnings per share.

Here are the key takeaways from Century Communities’ conference call:

• Higher mortgage rates and weaker consumer confidence slowed traffic, conversions, orders and deliveries; management said these trends continued into October.
• Incentives rose to approximately 13.0% of deliveries in the third quarter and are expected to increase another 200–250 basis points in the fourth quarter, pressuring adjusted gross margins.
• Century lowered its 2026 outlook to 9,350–9,650 home deliveries and $3.3–$3.4 billion in home sales revenue, reflecting the industry-wide slowdown in absorption.
• The acquisition of HistoryMaker Homes expands Century’s Dallas-Fort Worth communities from 12 to 41, adds entry-level and move-up products, and strengthens its position in a market management views as having favorable long-term fundamentals.
• Century ended the quarter with record community count and book value per share, $864 million of liquidity, and a larger $1.2 billion revolving facility; its low-deposit land strategy is intended to preserve flexibility while it controls costs and matches starts with demand.

Century Communities Stock Down 1.9%

Shares of CCS traded down $1.00 during trading on Friday, reaching $52.56. The company’s stock had a trading volume of 474,605 shares, compared to its average volume of 260,479. Century Communities has a twelve month low of $47.28 and a twelve month high of $76.00. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 14.02 and a beta of 1.30. The company has a fifty day moving average of $60.44 and a two-hundred day moving average of $62.25.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, August 26th. Century Communities’s dividend payout ratio is 34.13%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CCS shares. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research cut Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Weiss Ratings lowered Century Communities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Finally, B. Riley Financial dropped their price target on Century Communities from $64.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.00.

Century Communities Company Profile

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.