Century Communities (NYSE:CCS) Rating Reiterated by Wedbush

Century Communities (NYSE:CCS)‘s stock had its “underperform” rating reiterated by Wedbush in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $82.00 price objective on the construction company’s stock. Wedbush’s price objective indicates a potential upside of 4.03% from the company’s previous close. Wedbush also issued estimates for Century Communities’ Q2 2024 earnings at $2.36 EPS, Q4 2024 earnings at $3.34 EPS, Q2 2025 earnings at $2.57 EPS and FY2025 earnings at $11.27 EPS.

Separately, B. Riley raised their price target on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 1st.

Century Communities Stock Performance

Shares of CCS opened at $78.82 on Thursday. The stock’s 50-day simple moving average is $86.39 and its 200 day simple moving average is $81.02. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46. Century Communities has a 52-week low of $58.01 and a 52-week high of $97.92.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. The business had revenue of $948.54 million for the quarter, compared to analysts’ expectations of $791.67 million. Century Communities had a return on equity of 13.06% and a net margin of 7.47%. Research analysts forecast that Century Communities will post 10.06 EPS for the current fiscal year.

Institutional Trading of Century Communities

Institutional investors and hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities in the 4th quarter valued at about $36,000. NBC Securities Inc. purchased a new stake in shares of Century Communities in the 3rd quarter valued at about $33,000. GAMMA Investing LLC bought a new position in shares of Century Communities during the 4th quarter valued at about $55,000. Quantbot Technologies LP bought a new position in shares of Century Communities during the 3rd quarter valued at about $59,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Century Communities during the 4th quarter valued at about $107,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.