$507.29 Million in Sales Expected for Century Communities, Inc (CCS) This Quarter

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.

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Century Communities by 10.5% during the third quarter. Victory Capital Management Inc. now owns 65,236 shares of the construction company’s stock valued at $1,611,000 after buying an additional 6,184 shares during the period. First Trust Advisors LP boosted its position in shares of Century Communities by 32.5% during the third quarter. First Trust Advisors LP now owns 17,183 shares of the construction company’s stock valued at $424,000 after buying an additional 4,210 shares during the period. Wells Fargo & Company MN boosted its position in shares of Century Communities by 16.6% during the third quarter. Wells Fargo & Company MN now owns 54,482 shares of the construction company’s stock valued at $1,346,000 after buying an additional 7,742 shares during the period. State Street Corp boosted its position in shares of Century Communities by 15.4% during the second quarter. State Street Corp now owns 346,783 shares of the construction company’s stock valued at $8,596,000 after buying an additional 46,200 shares during the period. Finally, Elk Creek Partners LLC boosted its position in shares of Century Communities by 24.5% during the third quarter. Elk Creek Partners LLC now owns 391,838 shares of the construction company’s stock valued at $9,678,000 after buying an additional 77,035 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

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.

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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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