Century Communities (CCS) Set to Announce Earnings on Wednesday

Century Communities (NYSE:CCS) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.55 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.66. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $915.91 million. On average, analysts expect Century Communities to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Century Communities Price Performance

NYSE:CCS opened at $79.73 on Tuesday. The stock’s fifty day moving average is $86.90 and its two-hundred day moving average is $80.77. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.53 billion, a P/E ratio of 9.90 and a beta of 1.71. Century Communities has a 52 week low of $58.01 and a 52 week high of $97.92.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.30%. This is a boost from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio is presently 12.92%.

Analyst Ratings Changes

CCS has been the subject of a number of recent analyst reports. B. Riley lifted their price target on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Wedbush reissued an “underperform” rating and issued a $82.00 price target (down from $92.00) on shares of Century Communities in a research note on Tuesday, April 2nd.

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.