$676.13 Million in Sales Expected for Century Communities Inc (CCS) This Quarter

Equities research analysts expect Century Communities Inc (NYSE:CCS) to post sales of $676.13 million for the current quarter, Zacks reports. Three analysts have made estimates for Century Communities’ earnings, with the highest sales estimate coming in at $701.60 million and the lowest estimate coming in at $648.20 million. Century Communities posted sales of $518.79 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.3%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Century Communities will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $2.16 billion to $2.20 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.55 billion, with estimates ranging from $2.38 billion to $2.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Century Communities.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $552.90 million for the quarter, compared to the consensus estimate of $553.88 million. Century Communities had a net margin of 4.34% and a return on equity of 14.49%. The business’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share.

Several brokerages recently commented on CCS. Zacks Investment Research downgraded shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. JPMorgan Chase & Co. downgraded shares of Century Communities from an “overweight” rating to a “neutral” rating and cut their price target for the company from $38.50 to $31.50 in a report on Friday, September 21st. B. Riley cut their price target on shares of Century Communities from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, November 7th. Finally, Wedbush reiterated an “outperform” rating and set a $30.00 price target (down from $42.00) on shares of Century Communities in a report on Monday, October 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.50.

NYSE:CCS traded up $0.40 during mid-day trading on Friday, hitting $20.73. 207,575 shares of the stock traded hands, compared to its average volume of 339,844. The company has a market capitalization of $625.33 million, a price-to-earnings ratio of 7.22 and a beta of 1.19. Century Communities has a 52 week low of $19.20 and a 52 week high of $36.00. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.94.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Century Communities in the 2nd quarter worth about $151,000. Bank of Montreal Can grew its stake in Century Communities by 8,812.7% in the 2nd quarter. Bank of Montreal Can now owns 5,615 shares of the construction company’s stock worth $177,000 after acquiring an additional 5,552 shares in the last quarter. Quantbot Technologies LP grew its stake in Century Communities by 571.5% in the 3rd quarter. Quantbot Technologies LP now owns 7,568 shares of the construction company’s stock worth $198,000 after acquiring an additional 6,441 shares in the last quarter. United Services Automobile Association bought a new position in Century Communities in the 2nd quarter worth about $270,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in Century Communities by 36.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock worth $270,000 after acquiring an additional 2,279 shares in the last quarter. Institutional investors and hedge funds own 81.07% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.

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Earnings History and Estimates for Century Communities (NYSE:CCS)

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