Century Communities (NYSE:CCS) Posts Earnings Results, Beats Expectations By $0.67 EPS

Century Communities (NYSE:CCS) issued its quarterly earnings results on Wednesday. The construction company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67, reports. The company had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 13.06%.

Century Communities Price Performance

NYSE:CCS opened at $78.37 on Friday. The company has a 50-day moving average of $86.54 and a 200-day moving average of $80.91. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 8.70 and a beta of 1.71. Century Communities has a 52 week low of $58.01 and a 52 week high of $97.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 27th. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Institutional Investors Weigh In On Century Communities

Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. bought a new position in Century Communities during the 3rd quarter worth approximately $33,000. Daiwa Securities Group Inc. acquired a new position in Century Communities in the fourth quarter valued at about $36,000. GAMMA Investing LLC acquired a new position in Century Communities in the fourth quarter valued at about $55,000. Quantbot Technologies LP bought a new position in Century Communities in the third quarter valued at about $59,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Century Communities during the fourth quarter worth about $107,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCS. Wedbush reaffirmed an “underperform” rating and issued a $82.00 price target on shares of Century Communities in a research note on Thursday. B. Riley upped 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.

Century Communities Company Profile

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.