Century Communities Inc (NYSE:CCS) Expected to Announce Earnings of $0.87 Per Share
Brokerages expect Century Communities Inc (NYSE:CCS) to announce $0.87 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Century Communities’ earnings. The lowest EPS estimate is $0.85 and the highest is $0.90. Century Communities reported earnings per share of $0.86 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.2%. The company is expected to issue its next earnings report on Tuesday, November 5th.
On average, analysts expect that Century Communities will report full-year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.50 to $3.70. For the next fiscal year, analysts anticipate that the business will report earnings of $4.51 per share, with EPS estimates ranging from $4.34 to $4.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Century Communities.
Century Communities (NYSE:CCS) last posted its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The firm had revenue of $608.60 million for the quarter, compared to analyst estimates of $554.22 million. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share.
In other Century Communities news, CEO Robert J. Francescon sold 100,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $26.05, for a total transaction of $2,605,000.00. Following the completion of the sale, the chief executive officer now directly owns 376,280 shares in the company, valued at approximately $9,802,094. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Scott Dixon sold 8,747 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.22, for a total value of $238,093.34. The disclosure for this sale can be found here. Insiders sold 183,747 shares of company stock valued at $4,925,843 over the last 90 days. 14.20% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in CCS. Clearbridge Investments LLC purchased a new stake in Century Communities in the 1st quarter valued at about $25,000. Bank of Montreal Can grew its stake in Century Communities by 1,419.2% in the 2nd quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock valued at $61,000 after buying an additional 2,143 shares in the last quarter. SG Americas Securities LLC purchased a new position in Century Communities in the 1st quarter valued at approximately $100,000. BNP Paribas Arbitrage SA grew its stake in Century Communities by 271,950.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,441 shares of the construction company’s stock valued at $130,000 after buying an additional 5,439 shares in the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Century Communities in the 1st quarter valued at $136,000. 98.50% of the stock is currently owned by institutional investors.
Shares of Century Communities stock traded down $0.07 during trading on Friday, reaching $29.85. The stock had a trading volume of 426,600 shares, compared to its average volume of 422,638. The company has a market capitalization of $846.19 million, a price-to-earnings ratio of 7.58 and a beta of 1.25. The stock has a fifty day moving average price of $27.53 and a two-hundred day moving average price of $26.26. Century Communities has a 52 week low of $16.35 and a 52 week high of $31.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99.
About Century Communities
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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