Century Communities (NYSE:CCS) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Century Communities (NYSE:CCS) announced its quarterly earnings data on Wednesday. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33, Zacks reports. Century Communities had a net margin of 7.59% and a return on equity of 14.37%.

Century Communities Price Performance

Shares of NYSE:CCS traded down $0.88 on Friday, hitting $77.33. The stock had a trading volume of 84,856 shares, compared to its average volume of 413,591. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 7.44 and a beta of 1.91. The firm’s 50 day moving average price is $79.33 and its 200-day moving average price is $90.29. Century Communities has a twelve month low of $68.49 and a twelve month high of $108.42.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities’s dividend payout ratio is currently 10.00%.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, Wedbush restated a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities 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.