Q3 2024 Earnings Forecast for Century Communities, Inc. Issued By Wedbush (NYSE:CCS)

Century Communities, Inc. (NYSE:CCS) – Research analysts at Wedbush increased their Q3 2024 earnings per share estimates for shares of Century Communities in a research report issued on Wednesday, July 24th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $2.57 for the quarter, up from their prior estimate of $2.41. Wedbush has a “Neutral” rating and a $90.00 price objective on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.36 per share. Wedbush also issued estimates for Century Communities’ Q4 2024 earnings at $3.52 EPS, Q2 2025 earnings at $2.74 EPS, Q4 2025 earnings at $3.53 EPS and FY2025 earnings at $11.54 EPS.

Separately, B. Riley boosted their price objective on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday.

Century Communities Price Performance

CCS stock opened at $99.80 on Friday. Century Communities has a 1 year low of $58.01 and a 1 year high of $103.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $3.17 billion, a PE ratio of 11.08 and a beta of 1.86. The business has a 50 day simple moving average of $84.80 and a 200-day simple moving average of $85.87.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.19. Century Communities had a net margin of 7.90% and a return on equity of 14.15%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $1.60 EPS. Century Communities’s revenue was up 24.3% compared to the same quarter last year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, May 29th. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Hedge Funds Weigh In On Century Communities

Several institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in shares of Century Communities by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock valued at $1,160,000 after buying an additional 200 shares during the period. SummerHaven Investment Management LLC raised its holdings in Century Communities by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock valued at $796,000 after buying an additional 186 shares during the period. Assenagon Asset Management S.A. lifted its position in Century Communities by 673.8% in the second quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock valued at $5,430,000 after buying an additional 57,904 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new position in Century Communities in the second quarter valued at about $300,000. Finally, Harbor Capital Advisors Inc. boosted its stake in Century Communities by 4.9% during the second quarter. Harbor Capital Advisors Inc. now owns 8,960 shares of the construction company’s stock worth $732,000 after buying an additional 415 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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.