Equities Analysts Set Expectations for Century Communities, Inc.’s Q2 2024 Earnings (NYSE:CCS)

Century Communities, Inc. (NYSE:CCS) – Research analysts at B. Riley lifted their Q2 2024 EPS estimates for shares of Century Communities in a report issued on Thursday, April 25th. B. Riley analyst A. Rygiel now forecasts that the construction company will earn $2.41 per share for the quarter, up from their prior estimate of $2.06. B. Riley has a “Buy” rating and a $110.00 price target on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.36 per share. B. Riley also issued estimates for Century Communities’ Q3 2024 earnings at $2.50 EPS.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The business had revenue of $948.54 million for the quarter, compared to the consensus estimate of $791.67 million.

Separately, Wedbush reissued an “underperform” rating and set a $82.00 price target on shares of Century Communities in a research report on Thursday.

Century Communities Trading Up 0.6 %

NYSE:CCS opened at $78.82 on Monday. The firm has a market capitalization of $2.50 billion, a PE ratio of 8.75 and a beta of 1.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.46. Century Communities has a 12 month low of $58.01 and a 12 month high of $97.92. The business’s 50-day moving average is $86.39 and its two-hundred day moving average is $81.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AlphaMark Advisors LLC acquired a new position in shares of Century Communities in the 1st quarter valued at approximately $322,000. Ausbil Investment Management Ltd bought a new stake in shares of Century Communities in the first quarter worth $1,684,000. GAMMA Investing LLC increased its stake in shares of Century Communities by 42.5% in the first quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock worth $87,000 after buying an additional 270 shares during the last quarter. Nomura Holdings Inc. raised its holdings in Century Communities by 197.4% in the fourth quarter. Nomura Holdings Inc. now owns 8,919 shares of the construction company’s stock valued at $813,000 after acquiring an additional 5,920 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Century Communities by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock valued at $184,104,000 after acquiring an additional 29,989 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were given a $0.26 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio is presently 11.54%.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.