Century Communities, Inc. (CCS) to Issue Quarterly Dividend of $0.29 on March 12th

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Wednesday, February 26th will be paid a dividend of 0.29 per share by the construction company on Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, February 26th. This is a boost from Century Communities’s previous quarterly dividend of $0.26.

Century Communities has raised its dividend by an average of 32.2% annually over the last three years. Century Communities has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Century Communities to earn $12.52 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 8.3%.

Century Communities Trading Up 0.1 %

Shares of CCS stock opened at $76.94 on Friday. The company’s fifty day simple moving average is $78.11 and its two-hundred day simple moving average is $89.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities has a 1 year low of $68.49 and a 1 year high of $108.42. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.40 and a beta of 1.92.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, analysts anticipate that Century Communities will post 12.1 earnings per share for the current year.

Wall Street Analyst Weigh In

CCS has been the subject of a number of recent analyst reports. Wedbush restated a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, B. Riley reaffirmed 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.00.

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.