Century Communities (NYSE:CCS) Releases Earnings Results, Beats Estimates By $0.19 EPS

Century Communities (NYSE:CCS) posted its quarterly earnings data on Wednesday. The construction company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.19, Briefing.com reports. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $1.60 EPS. The company’s quarterly revenue was up 24.3% on a year-over-year basis.

Century Communities Stock Performance

Shares of CCS traded up $3.18 during mid-day trading on Thursday, hitting $99.80. 644,881 shares of the company’s stock were exchanged, compared to its average volume of 312,750. Century Communities has a 52 week low of $58.01 and a 52 week high of $103.42. The stock’s 50-day simple moving average is $84.55 and its 200-day simple moving average is $85.77. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 11.19 and a beta of 1.86. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $1.04 annualized dividend and a yield of 1.04%. Century Communities’s dividend payout ratio is currently 11.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. B. Riley increased their price objective on shares of Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday. Wedbush raised their target price on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday.

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.