B. Riley Analysts Reduce Earnings Estimates for Century Communities Inc (CCS)
Century Communities Inc (NYSE:CCS) – Analysts at B. Riley decreased their Q3 2018 earnings per share (EPS) estimates for Century Communities in a research report issued on Friday, September 14th. B. Riley analyst A. Rygiel now forecasts that the construction company will earn $1.14 per share for the quarter, down from their previous estimate of $1.23.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, September 5th. The construction company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.22. Century Communities had a net margin of 4.36% and a return on equity of 14.40%.
Shares of NYSE:CCS opened at $28.95 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.97. Century Communities has a 1-year low of $23.85 and a 1-year high of $36.00. The company has a market cap of $865.93 million, a price-to-earnings ratio of 10.09 and a beta of 0.97.
Large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Century Communities during the second quarter valued at approximately $151,000. Bank of Montreal Can lifted its holdings in shares of Century Communities by 8,812.7% in the second quarter. Bank of Montreal Can now owns 5,615 shares of the construction company’s stock worth $177,000 after buying an additional 5,552 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Century Communities in the second quarter worth $270,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Century Communities by 36.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock worth $270,000 after buying an additional 2,279 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of Century Communities by 26.8% in the first quarter. MetLife Investment Advisors LLC now owns 9,586 shares of the construction company’s stock worth $287,000 after buying an additional 2,025 shares in the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.
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