Equities analysts expect that Century Communities Inc (NYSE:CCS) will announce earnings per share of $0.87 for the current quarter, Zacks reports. Two analysts have issued estimates for Century Communities’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.85. Century Communities reported earnings of $0.56 per share in the same quarter last year, which would indicate a positive year over year growth rate of 55.4%. The firm is expected to announce its next earnings report on Tuesday, November 5th.
On average, analysts expect that Century Communities will report full year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.50 to $3.70. For the next year, analysts forecast that the business will report earnings of $4.51 per share, with EPS estimates ranging from $4.34 to $4.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Century Communities.
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $608.60 million during the quarter, compared to analyst estimates of $554.22 million. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 earnings per share.
Shares of NYSE CCS traded up $0.91 during mid-day trading on Friday, hitting $29.19. The company had a trading volume of 15,183 shares, compared to its average volume of 312,808. The company has a market capitalization of $829.75 million, a PE ratio of 7.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.37 and a quick ratio of 0.37. Century Communities has a 1-year low of $16.35 and a 1-year high of $30.70. The business’s 50-day simple moving average is $27.02 and its 200 day simple moving average is $25.78.
In other news, CEO Robert J. Francescon sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $26.05, for a total transaction of $2,605,000.00. Following the completion of the transaction, the chief executive officer now directly owns 376,280 shares of the company’s stock, valued at approximately $9,802,094. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Scott Dixon sold 8,747 shares of Century Communities stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.22, for a total transaction of $238,093.34. The disclosure for this sale can be found here. 14.20% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new position in Century Communities during the 2nd quarter valued at approximately $482,000. Frontier Capital Management Co. LLC lifted its stake in shares of Century Communities by 16.6% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,084,160 shares of the construction company’s stock worth $25,987,000 after acquiring an additional 154,238 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of Century Communities by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock worth $148,000 after acquiring an additional 6,678 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Century Communities by 111.9% during the 1st quarter. King Luther Capital Management Corp now owns 73,595 shares of the construction company’s stock worth $1,764,000 after acquiring an additional 38,870 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in Century Communities during the 1st quarter valued at $377,000. Institutional investors own 91.64% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
Featured Article: Green Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.