Century Communities (NYSE:CCS) Releases Earnings Results

Key Points

• Century Communities reported earnings per share of $1.52, significantly exceeding analysts' expectations of $0.86.
• The company's stock price decreased by 0.8% during trading, closing at $60.63 amid higher trading volume compared to its average.
• Century Communities announced a quarterly dividend of $0.29 per share, which reflects a dividend yield of 1.9% and a payout ratio of 14.16%.

Century Communities (NYSE:CCS - Get Free Report) posted its earnings results on Wednesday. The construction company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.66, Zacks reports. Century Communities had a net margin of 6.03% and a return on equity of 10.99%.

Century Communities Stock Down 0.8%

Shares of NYSE:CCS traded down $0.47 during midday trading on Wednesday, hitting $60.63. 337,968 shares of the company's stock were exchanged, compared to its average volume of 413,792. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a 50 day moving average price of $64.21 and a 200-day moving average price of $59.48. The company has a market cap of $1.80 billion, a PE ratio of 7.40 and a beta of 1.55. Century Communities has a 12 month low of $50.42 and a 12 month high of $95.76.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.9%. Century Communities's payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CCS shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Century Communities in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. B. Riley began coverage on shares of Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, Zacks Research raised shares of Century Communities from a "strong sell" rating to a "hold" rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Century Communities has a consensus rating of "Hold" and a consensus target price of $85.00.

Institutional Investors Weigh In On Century Communities

A number of institutional investors have recently added to or reduced their stakes in CCS. EverSource Wealth Advisors LLC grew its position in Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company's stock worth $41,000 after purchasing an additional 465 shares in the last quarter. Jones Financial Companies Lllp grew its position in Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock worth $81,000 after purchasing an additional 1,135 shares in the last quarter. Lazard Asset Management LLC grew its position in Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company's stock worth $134,000 after purchasing an additional 173 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Century Communities by 562.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,907 shares of the construction company's stock worth $276,000 after purchasing an additional 4,166 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in Century Communities in the 2nd quarter worth about $303,000. 99.54% of the stock is owned by institutional investors.

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.

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