Wedbush Lowers Century Communities (CCS) to Neutral

Century Communities (NYSE:CCS) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Friday, The Fly reports. Wedbush also issued estimates for Century Communities’ Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $3.69 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $1.10 EPS, FY2019 earnings at $2.76 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.73 EPS, Q3 2020 earnings at $0.95 EPS, Q4 2020 earnings at $1.24 EPS and FY2020 earnings at $3.32 EPS.

Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Deutsche Bank lowered their price objective on shares of Century Communities to $32.00 and set a “buy” rating for the company in a research report on Sunday, November 25th. TheStreet cut shares of Century Communities from a “b-” rating to a “c” rating in a research report on Monday, November 26th. Finally, B. Riley lowered their price objective on shares of Century Communities from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Century Communities currently has an average rating of “Hold” and an average target price of $32.90.

NYSE:CCS opened at $23.90 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $728.68 million, a P/E ratio of 8.33 and a beta of 1.58. Century Communities has a fifty-two week low of $16.35 and a fifty-two week high of $35.50.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Thursday, February 7th. The construction company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.01). The company had revenue of $640.19 million for the quarter, compared to analysts’ expectations of $642.07 million. Century Communities had a return on equity of 14.49% and a net margin of 4.34%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. As a group, equities analysts forecast that Century Communities will post 3.93 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Century Communities by 176.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock valued at $33,000 after buying an additional 1,228 shares during the period. First Mercantile Trust Co. boosted its position in Century Communities by 49.6% in the 4th quarter. First Mercantile Trust Co. now owns 6,753 shares of the construction company’s stock valued at $117,000 after buying an additional 2,239 shares during the period. Quantamental Technologies LLC purchased a new position in Century Communities in the 4th quarter valued at approximately $136,000. Quantbot Technologies LP boosted its position in Century Communities by 571.5% in the 3rd quarter. Quantbot Technologies LP now owns 7,568 shares of the construction company’s stock valued at $198,000 after buying an additional 6,441 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Century Communities by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 13,967 shares of the construction company’s stock valued at $241,000 after buying an additional 544 shares during the period. 83.32% of the stock is owned by institutional investors.

Century Communities Company Profile

Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, and Southeast. The West segment refers to Southern California, Central Valley, Bay Area and Washington.

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Analyst Recommendations for Century Communities (NYSE:CCS)

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