Century Communities Inc. to Post Q3 2016 Earnings of $0.56 Per Share, Wedbush Forecasts (CCS)
Century Communities Inc. (NYSE:CCS) – Wedbush issued their Q3 2016 earnings estimates for shares of Century Communities in a research note issued on Monday. Wedbush analyst J. Mccanless anticipates that the firm will post earnings of $0.56 per share for the quarter. Wedbush currently has a “Outperform” rating and a $30.00 target price on the stock. Wedbush also issued estimates for Century Communities’ Q4 2016 earnings at $0.92 EPS, FY2016 earnings at $2.50 EPS, Q1 2017 earnings at $0.31 EPS, Q2 2017 earnings at $0.69 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $1.05 EPS and FY2017 earnings at $2.89 EPS.
Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.08. The firm had revenue of $257.20 million for the quarter, compared to analysts’ expectations of $216.29 million. Century Communities had a net margin of 5.39% and a return on equity of 10.86%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share.
Other research analysts also recently issued research reports about the stock. Citigroup Inc. started coverage on shares of Century Communities in a research note on Thursday, September 1st. They issued a “buy” rating and a $23.00 target price for the company. FBR & Co reissued a “buy” rating and issued a $24.00 target price on shares of Century Communities in a research note on Friday, June 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.25.
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Shares of Century Communities (NYSE:CCS) traded down 0.46% during mid-day trading on Wednesday, reaching $19.52. 16,381 shares of the company traded hands. The company has a market capitalization of $403.50 million, a P/E ratio of 9.24 and a beta of 1.01. Century Communities has a 52-week low of $13.11 and a 52-week high of $21.58. The firm’s 50 day moving average price is $19.80 and its 200-day moving average price is $18.03.
In other news, insider Dale Francescon sold 61,500 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $20.00, for a total transaction of $1,230,000.00. Following the completion of the sale, the insider now owns 435,504 shares in the company, valued at approximately $8,710,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Francescon sold 71,250 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.99, for a total value of $1,424,287.50. Following the sale, the insider now owns 435,504 shares of the company’s stock, valued at approximately $8,705,724.96. The disclosure for this sale can be found here. Insiders own 28.73% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Boston Partners boosted its position in Century Communities by 731.0% in the second quarter. Boston Partners now owns 615,501 shares of the company’s stock worth $10,673,000 after buying an additional 541,431 shares in the last quarter. Sprott Inc. bought a new position in Century Communities during the second quarter worth $8,156,000. Emerald Acquisition Ltd. bought a new position in Century Communities during the second quarter worth $3,970,000. Northpointe Capital LLC bought a new position in Century Communities during the second quarter worth $2,719,000. Finally, Dimensional Fund Advisors LP boosted its position in Century Communities by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 382,249 shares of the company’s stock worth $6,628,000 after buying an additional 102,050 shares in the last quarter. Institutional investors and hedge funds own 61.14% of the company’s stock.
About Century Communities
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