$1.04 Earnings Per Share Expected for Century Communities (CCS) This Quarter

Wall Street analysts predict that Century Communities (NYSE:CCS) will announce $1.04 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Century Communities’ earnings, with estimates ranging from $1.02 to $1.05. Century Communities posted earnings of $0.66 per share during the same quarter last year, which would suggest a positive year over year growth rate of 57.6%. The company is expected to announce its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Century Communities will report full year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $4.03 to $4.40. For the next financial year, analysts anticipate that the business will post earnings of $4.82 per share, with EPS estimates ranging from $4.37 to $5.09. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Century Communities.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. Century Communities had a net margin of 3.87% and a return on equity of 12.68%. The business had revenue of $401.85 million during the quarter, compared to the consensus estimate of $377.72 million. During the same quarter last year, the company earned $0.42 earnings per share. The business’s quarterly revenue was up 76.0% compared to the same quarter last year.



A number of analysts have recently weighed in on CCS shares. TheStreet raised shares of Century Communities from a “c+” rating to a “b” rating in a research report on Wednesday, May 16th. Deutsche Bank lifted their price objective on shares of Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. B. Riley lifted their price objective on shares of Century Communities from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 9th. ValuEngine raised shares of Century Communities from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Finally, Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Friday, May 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $36.36.

A number of institutional investors have recently added to or reduced their stakes in CCS. Deutsche Bank AG boosted its holdings in shares of Century Communities by 336.1% during the fourth quarter. Deutsche Bank AG now owns 217,258 shares of the construction company’s stock valued at $6,754,000 after acquiring an additional 167,441 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Century Communities by 29.6% during the fourth quarter. Victory Capital Management Inc. now owns 84,556 shares of the construction company’s stock valued at $2,630,000 after acquiring an additional 19,320 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Century Communities by 16.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 81,955 shares of the construction company’s stock valued at $2,549,000 after acquiring an additional 11,388 shares during the period. Capital Growth Management LP boosted its holdings in shares of Century Communities by 280.0% during the fourth quarter. Capital Growth Management LP now owns 285,000 shares of the construction company’s stock valued at $8,864,000 after acquiring an additional 210,000 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Century Communities by 86.0% during the fourth quarter. Wells Fargo & Company MN now owns 101,359 shares of the construction company’s stock valued at $3,151,000 after acquiring an additional 46,877 shares during the period. 79.24% of the stock is owned by hedge funds and other institutional investors.

Shares of CCS stock traded up $0.45 during mid-day trading on Friday, reaching $30.85. 4,934 shares of the company were exchanged, compared to its average volume of 266,383. Century Communities has a fifty-two week low of $21.90 and a fifty-two week high of $36.00. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $926.44 million, a P/E ratio of 10.63 and a beta of 1.09.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.

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Earnings History and Estimates for Century Communities (NYSE:CCS)

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