$507.63 Million in Sales Expected for Century Communities, Inc (CCS) This Quarter

Equities analysts expect Century Communities, Inc (NYSE:CCS) to report $507.63 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Century Communities’ earnings. The lowest sales estimate is $499.70 million and the highest is $519.42 million. Century Communities reported sales of $297.29 million in the same quarter last year, which would suggest a positive year over year growth rate of 70.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Century Communities will report full-year sales of $507.63 million for the current year, with estimates ranging from $1.39 billion to $1.42 billion. For the next year, analysts expect that the firm will post sales of $1.81 billion per share, with estimates ranging from $1.77 billion to $1.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Century Communities.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.30. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The business had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $409.42 million. During the same quarter in the prior year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 51.1% on a year-over-year basis.

Several research analysts have weighed in on CCS shares. Zacks Investment Research upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. B. Riley reiterated a “buy” rating on shares of Century Communities in a research report on Friday, November 3rd. FBR & Co reiterated a “buy” rating and set a $30.00 price objective on shares of Century Communities in a research report on Tuesday, October 3rd. Wedbush reiterated an “outperform” rating on shares of Century Communities in a research report on Saturday, September 16th. Finally, J P Morgan Chase & Co upgraded Century Communities from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $28.00 to $32.00 in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.50.

A number of hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new position in shares of Century Communities in the third quarter worth $224,000. Highbridge Capital Management LLC bought a new position in shares of Century Communities in the third quarter worth $413,000. Western Standard LLC bought a new position in shares of Century Communities in the third quarter worth $767,000. Lyon Street Capital LLC increased its position in shares of Century Communities by 110.9% in the third quarter. Lyon Street Capital LLC now owns 149,670 shares of the construction company’s stock worth $3,697,000 after purchasing an additional 78,711 shares during the period. Finally, Allianz Asset Management GmbH increased its position in shares of Century Communities by 6.5% in the third quarter. Allianz Asset Management GmbH now owns 85,324 shares of the construction company’s stock worth $2,108,000 after purchasing an additional 5,179 shares during the period. Hedge funds and other institutional investors own 66.49% of the company’s stock.

Shares of Century Communities (NYSE CCS) opened at $29.55 on Monday. Century Communities has a 12 month low of $20.30 and a 12 month high of $31.90. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $812.02, a price-to-earnings ratio of 11.78 and a beta of 1.18.

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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.

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Earnings History and Estimates for Century Communities (NYSE:CCS)

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