Century Communities (NYSE:CCS) Posts Earnings Results

Century Communities (NYSE:CCS) released its earnings results on Wednesday. The construction company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.19, Briefing.com reports. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a return on equity of 14.15% and a net margin of 7.90%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share.

Century Communities Trading Up 2.2 %

NYSE CCS traded up $2.23 during trading hours on Friday, reaching $102.03. The company had a trading volume of 155,247 shares, compared to its average volume of 311,474. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.24 billion, a P/E ratio of 11.08 and a beta of 1.86. The stock has a 50-day moving average of $84.80 and a 200 day moving average of $85.87. Century Communities has a 1-year low of $58.01 and a 1-year high of $105.17.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, May 29th. Century Communities’s payout ratio is 11.54%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCS. Wedbush boosted their price objective on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. B. Riley raised their price objective on shares of Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Thursday.

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.