Brokers Set Expectations for Century Communities, Inc’s Q1 2018 Earnings (CCS)

Century Communities, Inc (NYSE:CCS) – Stock analysts at Wedbush issued their Q1 2018 earnings per share estimates for Century Communities in a research report issued on Thursday. Wedbush analyst J. Mccanless anticipates that the construction company will post earnings per share of $0.31 for the quarter. Wedbush has a “Outperform” rating and a $42.00 price target on the stock. Wedbush also issued estimates for Century Communities’ Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.55 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $1.21 EPS and Q4 2019 earnings at $1.60 EPS.

Several other research firms have also issued reports on CCS. B. Riley reissued a “buy” rating and set a $41.00 target price on shares of Century Communities in a report on Wednesday, January 3rd. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $35.17.

Shares of Century Communities (NYSE CCS) opened at $28.60 on Monday. The stock has a market capitalization of $788.59, a price-to-earnings ratio of 13.36 and a beta of 1.11. Century Communities has a 1-year low of $21.90 and a 1-year high of $36.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19.

Several hedge funds have recently made changes to their positions in the stock. HAP Trading LLC bought a new stake in shares of Century Communities during the 4th quarter worth $832,000. Capital Growth Management LP lifted its position in shares of Century Communities by 280.0% during the 4th quarter. Capital Growth Management LP now owns 285,000 shares of the construction company’s stock worth $8,864,000 after buying an additional 210,000 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Century Communities during the 4th quarter worth $12,918,000. BlackRock Inc. lifted its position in shares of Century Communities by 14.6% during the 4th quarter. BlackRock Inc. now owns 2,276,323 shares of the construction company’s stock worth $70,794,000 after buying an additional 290,340 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Century Communities by 18.2% during the 4th quarter. Bank of New York Mellon Corp now owns 144,520 shares of the construction company’s stock worth $4,496,000 after buying an additional 22,231 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

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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.

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

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