Equities research analysts expect Century Communities Inc (NYSE:CCS) to report $559.11 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Century Communities’ earnings. The highest sales estimate is $599.16 million and the lowest is $528.28 million. Century Communities posted sales of $531.89 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The company is expected to report its next quarterly earnings results on Thursday, August 1st.
On average, analysts expect that Century Communities will report full-year sales of $2.43 billion for the current year, with estimates ranging from $2.41 billion to $2.46 billion. For the next financial year, analysts anticipate that the company will post sales of $2.70 billion, with estimates ranging from $2.65 billion to $2.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Century Communities.
Century Communities (NYSE:CCS) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.19. The business had revenue of $472.60 million for the quarter, compared to the consensus estimate of $448.81 million. Century Communities had a net margin of 4.11% and a return on equity of 13.66%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS.
A number of brokerages have issued reports on CCS. Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Wedbush downgraded shares of Century Communities from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $26.00 to $24.00 in a research report on Friday, February 8th. TheStreet raised shares of Century Communities from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. Finally, Zelman & Associates raised shares of Century Communities from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Century Communities has a consensus rating of “Hold” and an average price target of $31.70.
Shares of Century Communities stock opened at $27.53 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.90. The firm has a market cap of $834.63 million, a price-to-earnings ratio of 6.99 and a beta of 1.56. Century Communities has a 12-month low of $16.35 and a 12-month high of $35.50.
Several large investors have recently added to or reduced their stakes in the company. First Dallas Securities Inc. grew its position in shares of Century Communities by 24.7% in the 1st quarter. First Dallas Securities Inc. now owns 15,150 shares of the construction company’s stock worth $363,000 after buying an additional 3,000 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Century Communities by 14.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 244,073 shares of the construction company’s stock worth $5,850,000 after buying an additional 31,530 shares during the period. Cloverdale Capital Management LLC purchased a new stake in shares of Century Communities in the 1st quarter worth about $11,290,000. SEI Investments Co grew its position in shares of Century Communities by 2,787.6% in the 1st quarter. SEI Investments Co now owns 40,744 shares of the construction company’s stock worth $916,000 after buying an additional 39,333 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Century Communities in the 1st quarter worth about $223,000. 88.86% of the stock is currently owned by hedge funds and other institutional investors.
About Century Communities
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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