Century Communities (CCS) Announces Quarterly Earnings Results

Century Communities (NYSE:CCS) issued its earnings results on Tuesday. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.40, Bloomberg Earnings reports. The business had revenue of $518.79 million during the quarter, compared to analyst estimates of $507.29 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%.

Shares of Century Communities (CCS) opened at $31.25 on Wednesday. The firm has a market capitalization of $798.24, a P/E ratio of 13.69 and a beta of 1.11. Century Communities has a 52 week low of $21.90 and a 52 week high of $36.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.87 and a current ratio of 0.87.

CCS has been the subject of several research reports. B. Riley reaffirmed a “buy” rating and issued a $41.00 target price on shares of Century Communities in a research note on Wednesday, January 3rd. Zacks Investment Research raised Century Communities from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, January 3rd. Wedbush reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Century Communities in a research note on Wednesday. Finally, ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research note 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 stock. Century Communities has an average rating of “Buy” and a consensus price target of $35.17.

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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 for Century Communities (NYSE:CCS)

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