Century Communities, Inc. to Issue Quarterly Dividend of $0.29 (NYSE:CCS)

Key Points

• Century Communities, Inc. declared a quarterly dividend of $0.29 per share, payable on September 10th to investors of record on August 27th, representing an annual yield of 1.7%.
• The company reported quarterly earnings of $1.37 per share, beating analyst expectations, with revenue of $1 billion for the quarter despite a year-over-year decrease of 1.7%.
• Century Communities has a consensus rating of "Hold" among analysts, with various target prices reflecting differing outlooks on its stock potential, ranging from $70 to $88.

Century Communities, Inc. (NYSE:CCS - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Stockholders of record on Wednesday, August 27th will be paid a dividend of 0.29 per share by the construction company on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 27th.

Century Communities has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Century Communities to earn $11.62 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.0%.

Century Communities Stock Down 0.7%

Shares of CCS stock traded down $0.44 on Monday, hitting $65.01. 203,812 shares of the stock were exchanged, compared to its average volume of 361,647. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.93 billion, a P/E ratio of 7.94 and a beta of 1.41. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. The business has a 50-day moving average of $58.77 and a 200 day moving average of $61.56.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $910.70 million. During the same period last year, the company earned $2.65 earnings per share. The firm's revenue was down 1.7% compared to the same quarter last year. Equities analysts anticipate that Century Communities will post 11.07 EPS for the current year.

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.