Century Communities (CCS) Set to Announce Earnings on Wednesday

Century Communities (NYSE:CCS) is scheduled to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Century Communities to post earnings of $2.55 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.19. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. On average, analysts expect Century Communities to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Century Communities Stock Down 6.3 %

Shares of NYSE CCS opened at $96.41 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.06 billion, a P/E ratio of 10.70 and a beta of 1.85. Century Communities has a 52 week low of $58.01 and a 52 week high of $108.42. The business has a 50-day simple moving average of $99.18 and a two-hundred day simple moving average of $90.49.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s payout ratio is 11.54%.

Wall Street Analysts Forecast Growth

CCS has been the subject of several recent analyst reports. B. Riley boosted their price objective on shares of Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wedbush boosted their price target on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th.

Insiders Place Their Bets

In other news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the sale, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the sale, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% 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.