Somewhat Positive News Coverage Somewhat Unlikely to Affect Century Communities (CCS) Share Price
News stories about Century Communities (NYSE:CCS) have trended somewhat positive on Monday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Century Communities earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 46.117534996458 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several analysts have recently commented on CCS shares. FBR & Co reissued a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a research note on Tuesday, October 3rd. Citigroup Inc. reissued a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a research note on Tuesday, August 8th. BidaskClub downgraded Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Wedbush reaffirmed an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. Finally, J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and upped their target price for the company from $28.00 to $32.00 in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.50.
Century Communities (NYSE:CCS) traded up 1.920% during trading on Monday, hitting $27.875. The stock had a trading volume of 206,808 shares. The stock’s 50-day moving average price is $25.17 and its 200-day moving average price is $25.15. Century Communities has a 1-year low of $18.45 and a 1-year high of $28.05. The company has a market capitalization of $627.16 million, a P/E ratio of 11.707 and a beta of 1.07.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Century Communities had a return on equity of 10.74% and a net margin of 4.87%. The firm had revenue of $287.60 million during the quarter, compared to analysts’ expectations of $305.38 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Century Communities’s revenue was up 11.8% on a year-over-year basis. Analysts expect that Century Communities will post $2.12 earnings per share for the current year.
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About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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