Century Communities, Inc. (CCS) Announces Earnings Results
Century Communities, Inc. (NYSE:CCS) issued its earnings results on Thursday. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30, Briefing.com reports. Century Communities had a return on equity of 11.54% and a net margin of 4.03%. The business had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 51.1% compared to the same quarter last year.
Shares of Century Communities (NYSE:CCS) traded up $0.45 during mid-day trading on Friday, hitting $29.45. The stock had a trading volume of 427,103 shares, compared to its average volume of 189,437. The company has a market capitalization of $753.15 million, a price-to-earnings ratio of 11.08 and a beta of 1.13.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. FBR & Co reaffirmed a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, October 3rd. Wedbush reissued an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and increased their price target for the company from $28.00 to $32.00 in a research note on Thursday, September 14th. Finally, BidaskClub cut Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.50.
About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
Receive News & Ratings for Century Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.