FY2019 Earnings Estimate for Century Communities Inc Issued By Wedbush (NYSE:CCS)

Century Communities Inc (NYSE:CCS) – Stock analysts at Wedbush dropped their FY2019 EPS estimates for shares of Century Communities in a note issued to investors on Wednesday, January 22nd. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $3.56 per share for the year, down from their previous estimate of $3.57. Wedbush also issued estimates for Century Communities’ Q4 2019 earnings at $1.28 EPS.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $0.87 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.87. The firm had revenue of $573.90 million during the quarter, compared to analysts’ expectations of $567.22 million. Century Communities had a return on equity of 11.54% and a net margin of 3.58%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS.

Other analysts have also recently issued research reports about the company. ValuEngine cut Century Communities from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 5th. B. Riley raised their price objective on Century Communities from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.88.

Century Communities stock opened at $31.15 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market capitalization of $947.95 million, a price-to-earnings ratio of 11.16 and a beta of 1.17. Century Communities has a 1-year low of $20.60 and a 1-year high of $34.57. The business has a fifty day moving average price of $28.26 and a 200-day moving average price of $28.63.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Real Estate Management Services LLC lifted its position in Century Communities by 352.9% during the 4th quarter. Real Estate Management Services LLC now owns 163,503 shares of the construction company’s stock worth $4,472,000 after acquiring an additional 127,403 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Century Communities during the 4th quarter worth about $220,000. Peregrine Capital Management LLC lifted its position in Century Communities by 13.5% during the 4th quarter. Peregrine Capital Management LLC now owns 403,057 shares of the construction company’s stock worth $11,024,000 after acquiring an additional 48,074 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in Century Communities during the 4th quarter worth about $5,702,000. Finally, JS Capital Management LLC lifted its position in Century Communities by 50.7% during the 3rd quarter. JS Capital Management LLC now owns 13,409 shares of the construction company’s stock worth $411,000 after acquiring an additional 4,509 shares during the period. 95.91% of the stock is owned by institutional investors.

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.

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

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