Century Communities, Inc. (CCS) To Go Ex-Dividend on November 26th

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, November 26th will be paid a dividend of 0.29 per share by the construction company on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th.

Century Communities has a payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Century Communities to earn $11.62 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.0%.

Century Communities Stock Performance

CCS stock opened at $59.92 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.76 billion, a PE ratio of 8.75 and a beta of 1.53. The business has a 50 day moving average of $63.22 and a 200-day moving average of $59.62. Century Communities has a 12-month low of $50.42 and a 12-month high of $95.76.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The business had revenue of $980.28 million for the quarter, compared to analysts’ expectations of $906.10 million. During the same quarter in the previous year, the firm earned $2.77 earnings per share. The business’s revenue was down 13.8% on a year-over-year basis. As a group, sell-side analysts expect that Century Communities will post 11.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CCS shares. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.00.

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.