Century Communities (CCS) Posts Quarterly Earnings, Beats Estimates By $0.13 EPS
Century Communities (NYSE:CCS) released its earnings data on Thursday. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.13, AnalystRatingsNetwork reports. The company had revenue of $79.90 million for the quarter, compared to the consensus estimate of $82.97 million. The company’s quarterly revenue was up 93.5% on a year-over-year basis.
A number of analysts have recently weighed in on CCS shares. Analysts at Deutsche Bank initiated coverage on shares of Century Communities in a research note on Monday, July 14th. They set a “buy” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. initiated coverage on shares of Century Communities in a research note on Monday, July 14th. They set an “overweight” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Century Communities in a research note on Monday, July 14th. They set an “outperform” rating and a $28.00 price target on the stock.
Shares of Century Communities (NYSE:CCS) traded down 1.76% during mid-day trading on Thursday, hitting $19.01. 86,682 shares of the company’s stock traded hands. Century Communities has a one year low of $18.86 and a one year high of $23.40. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $21.10. The company has a market cap of $324.2 million and a P/E ratio of 26.11.
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