Wall Street brokerages expect Century Communities, Inc (NYSE:CCS) to report sales of $507.29 million for the current quarter, Zacks reports. Four analysts have made estimates for Century Communities’ earnings, with the highest sales estimate coming in at $518.07 million and the lowest estimate coming in at $499.70 million. Century Communities reported sales of $297.29 million in the same quarter last year, which indicates a positive year over year growth rate of 70.6%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, February 13th.
According to Zacks, analysts expect that Century Communities will report full-year sales of $507.29 million for the current fiscal year, with estimates ranging from $1.39 billion to $1.41 billion. For the next fiscal year, analysts expect that the company will report sales of $1.81 billion per share, with estimates ranging from $1.77 billion to $1.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Century Communities.
Several research analysts recently commented on the company. B. Riley reiterated a “buy” rating on shares of Century Communities in a research report on Friday, November 3rd. Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 3rd. Wedbush lifted their price target on Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. Finally, ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.17.
Century Communities (NYSE CCS) opened at $30.95 on Wednesday. The company has a market capitalization of $824.44, a PE ratio of 11.96 and a beta of 1.11. Century Communities has a 12-month low of $21.90 and a 12-month high of $36.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.
Century Communities Company Profile
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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