Century Communities Inc (CCS) to Post Q2 2019 Earnings of $1.00 Per Share, B. Riley Forecasts

Century Communities Inc (NYSE:CCS) – Investment analysts at B. Riley decreased their Q2 2019 EPS estimates for shares of Century Communities in a report issued on Friday, May 3rd, according to Zacks Investment Research. B. Riley analyst A. Rygiel now anticipates that the construction company will earn $1.00 per share for the quarter, down from their previous forecast of $1.02. B. Riley also issued estimates for Century Communities’ Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $1.49 EPS and FY2020 earnings at $5.10 EPS.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. Century Communities had a return on equity of 13.66% and a net margin of 4.11%. The company had revenue of $472.60 million during the quarter, compared to the consensus estimate of $448.81 million. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year.

CCS has been the subject of several other reports. TheStreet upgraded Century Communities from a “c” rating to a “b-” rating in a report on Tuesday, February 19th. ValuEngine downgraded Century Communities from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Zelman & Associates upgraded Century Communities from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Wedbush downgraded Century Communities from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $24.00 in a report on Friday, February 8th. Finally, Zacks Investment Research upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.70.

Shares of Century Communities stock traded down $0.13 during trading hours on Monday, hitting $26.58. The company’s stock had a trading volume of 228,335 shares, compared to its average volume of 485,544. Century Communities has a 12 month low of $16.35 and a 12 month high of $35.50. The company has a market capitalization of $828.88 million, a P/E ratio of 6.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.30 and a quick ratio of 0.30.

Several large investors have recently bought and sold shares of CCS. Shoals Capital Management LP bought a new position in Century Communities in the fourth quarter valued at approximately $25,000. Clearbridge Investments LLC bought a new position in Century Communities in the first quarter valued at approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Century Communities by 176.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,228 shares in the last quarter. Legal & General Group Plc grew its stake in Century Communities by 21.7% in the fourth quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock valued at $86,000 after purchasing an additional 882 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Century Communities in the first quarter valued at approximately $100,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Century Communities Company Profile

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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Earnings History and Estimates for Century Communities (NYSE:CCS)

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