Century Communities (NYSE:CCS) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Century Communities (NYSE:CCS) posted its quarterly earnings results on Wednesday. The construction company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.33, Zacks reports. Century Communities had a net margin of 7.44% and a return on equity of 13.79%.

Century Communities Trading Down 2.5 %

Shares of CCS stock traded down $1.88 during trading hours on Wednesday, hitting $74.67. The company had a trading volume of 655,465 shares, compared to its average volume of 407,008. The company’s fifty day moving average is $79.74 and its 200 day moving average is $90.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities has a fifty-two week low of $68.49 and a fifty-two week high of $108.42. The stock has a market capitalization of $2.34 billion, a PE ratio of 7.44 and a beta of 1.91.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.39%. Century Communities’s dividend payout ratio is currently 10.37%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CCS shares. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Wedbush boosted their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $97.00 in a report on Friday, December 13th. Finally, B. Riley reiterated a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

About Century Communities

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.