Century Communities (NYSE:CCS) Issues Earnings Results

Century Communities (NYSE:CCS) released its quarterly earnings results on Wednesday. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33, Zacks reports. Century Communities had a return on equity of 13.79% and a net margin of 7.44%.

Century Communities Trading Down 2.5 %

CCS stock traded down $1.88 during trading on Wednesday, hitting $74.67. 655,465 shares of the company traded hands, compared to its average volume of 407,008. The company has a 50-day moving average of $79.74 and a 200-day moving average of $90.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. Century Communities has a 1 year low of $68.49 and a 1 year high of $108.42. The firm has a market capitalization of $2.34 billion, a PE ratio of 7.44 and a beta of 1.91.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities’s payout ratio is presently 10.37%.

Analyst Ratings Changes

Several brokerages have issued reports on CCS. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. B. Riley restated a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush increased their target price on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th.

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.