Analysts Anticipate Century Communities, Inc. (CCS) Will Post Quarterly Sales of $303.62 Million
Equities analysts expect Century Communities, Inc. (NYSE:CCS) to post sales of $303.62 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Communities’ earnings. The lowest sales estimate is $297.85 million and the highest is $309.39 million. Century Communities posted sales of $253.41 million during the same quarter last year, which suggests a positive year over year growth rate of 19.8%. The firm is expected to report its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Century Communities will report full-year sales of $303.62 million for the current year, with estimates ranging from $1.12 billion to $1.18 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.31 billion per share, with estimates ranging from $1.25 billion to $1.38 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Century Communities.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.01. Century Communities had a net margin of 4.87% and a return on equity of 11.03%. The company had revenue of $287.60 million for the quarter, compared to the consensus estimate of $305.38 million. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of Century Communities in a research note on Tuesday. ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $27.00 target price on shares of Century Communities in a research note on Monday, April 17th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.25.
Several hedge funds and other institutional investors have recently bought and sold shares of CCS. Legal & General Group Plc raised its position in Century Communities by 6.9% in the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after buying an additional 278 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Century Communities by 118.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock valued at $131,000 after buying an additional 2,816 shares during the last quarter. Nordea Investment Management AB acquired a new position in Century Communities during the first quarter valued at approximately $178,000. Trexquant Investment LP acquired a new position in Century Communities during the first quarter valued at approximately $201,000. Finally, American International Group Inc. raised its position in Century Communities by 7.2% in the first quarter. American International Group Inc. now owns 9,383 shares of the construction company’s stock valued at $238,000 after buying an additional 633 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.
Shares of Century Communities (NYSE CCS) opened at 24.10 on Wednesday. Century Communities has a one year low of $18.45 and a one year high of $28.05. The company has a market cap of $531.86 million, a price-to-earnings ratio of 10.30 and a beta of 1.02. The company’s 50-day moving average is $25.34 and its 200-day moving average is $24.90.
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