Century Communities (NYSE:CCS) Releases Quarterly Earnings Results, Beats Estimates By $0.67 EPS

Century Communities (NYSE:CCS) announced its quarterly earnings results on Wednesday. The construction company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.55 by $0.67, reports. The company had revenue of $948.54 million for the quarter, compared to analyst estimates of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 13.06%.

Century Communities Trading Down 4.6 %

CCS opened at $78.37 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.49 billion, a PE ratio of 8.70 and a beta of 1.71. Century Communities has a 1-year low of $58.01 and a 1-year high of $97.92. The firm has a 50-day moving average price of $86.54 and a two-hundred day moving average price of $80.91.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a boost from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Century Communities by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,616,401 shares of the construction company’s stock worth $238,460,000 after acquiring an additional 17,842 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Century Communities by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock valued at $184,104,000 after purchasing an additional 29,989 shares during the last quarter. Jennison Associates LLC raised its position in Century Communities by 17.3% during the third quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after acquiring an additional 164,478 shares in the last quarter. Pacer Advisors Inc. raised its position in Century Communities by 21.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after acquiring an additional 180,095 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Century Communities by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 434,550 shares of the construction company’s stock worth $39,605,000 after acquiring an additional 8,214 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CCS shares. Wedbush reaffirmed an “underperform” rating and set a $82.00 price objective on shares of Century Communities in a report on Thursday. B. Riley increased their price objective on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

About Century Communities

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.