Zacks: Analysts Expect Century Communities, Inc (CCS) Will Post Earnings of $0.64 Per Share

Equities research analysts predict that Century Communities, Inc (NYSE:CCS) will post $0.64 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Century Communities’ earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.75. Century Communities reported earnings of $0.71 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Century Communities will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.21. For the next financial year, analysts anticipate that the business will post earnings of $3.66 per share, with EPS estimates ranging from $3.01 to $3.93. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Century Communities.

Century Communities (NYSE:CCS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The business had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue was up 51.1% on a year-over-year basis.

CCS has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and increased their target price for the company from $28.00 to $32.00 in a research note on Thursday, September 14th. Wedbush restated an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. FBR & Co restated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, B. Riley restated a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $35.17.

Century Communities (NYSE:CCS) traded up $0.40 during midday trading on Tuesday, hitting $34.45. 344,699 shares of the company traded hands, compared to its average volume of 368,075. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a twelve month low of $20.30 and a twelve month high of $34.60. The company has a market capitalization of $938.87, a PE ratio of 16.25 and a beta of 1.17.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Century Communities during the third quarter worth about $120,000. Alliancebernstein L.P. bought a new position in Century Communities during the second quarter worth about $216,000. Cubist Systematic Strategies LLC bought a new position in Century Communities during the third quarter worth about $224,000. Nordea Investment Management AB lifted its stake in Century Communities by 31.4% during the second quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock worth $228,000 after purchasing an additional 2,200 shares during the period. Finally, Virtu KCG Holdings LLC bought a new position in Century Communities during the second quarter worth about $235,000. Hedge funds and other institutional investors own 66.30% of the company’s stock.

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About Century Communities

Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.

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