Analysts Anticipate Century Communities Inc (NYSE:CCS) Will Post Quarterly Sales of $550.05 Million

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Wall Street brokerages expect Century Communities Inc (NYSE:CCS) to report $550.05 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Century Communities’ earnings. The highest sales estimate is $563.19 million and the lowest is $536.90 million. Century Communities reported sales of $533.06 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is scheduled to announce its next earnings report on Thursday, May 7th.

On average, analysts expect that Century Communities will report full-year sales of $2.87 billion for the current year. For the next fiscal year, analysts anticipate that the firm will post sales of $3.14 billion, with estimates ranging from $3.11 billion to $3.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Century Communities.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.23. The firm had revenue of $775.70 million for the quarter, compared to analyst estimates of $740.00 million. Century Communities had a return on equity of 12.50% and a net margin of 4.46%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share.

A number of brokerages have recently weighed in on CCS. B. Riley increased their target price on Century Communities from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wedbush lowered Century Communities from an “outperform” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research note on Thursday, February 13th. They noted that the move was a valuation call. ValuEngine upgraded Century Communities from a “strong sell” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Zacks Investment Research upgraded Century Communities from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.13.

Several hedge funds have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in shares of Century Communities during the 1st quarter valued at $322,000. Morgan Stanley boosted its stake in shares of Century Communities by 299.1% in the 2nd quarter. Morgan Stanley now owns 278,744 shares of the construction company’s stock worth $7,410,000 after buying an additional 208,906 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Century Communities in the 2nd quarter worth approximately $4,192,000. Envestnet Asset Management Inc. boosted its stake in shares of Century Communities by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 87,341 shares of the construction company’s stock worth $2,675,000 after buying an additional 2,183 shares during the last quarter. Finally, Calamos Advisors LLC boosted its stake in shares of Century Communities by 72.0% in the 3rd quarter. Calamos Advisors LLC now owns 172,119 shares of the construction company’s stock worth $5,272,000 after buying an additional 72,063 shares during the last quarter. 87.25% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CCS traded down $0.51 on Friday, hitting $38.30. The company’s stock had a trading volume of 625,328 shares, compared to its average volume of 411,213. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $31.88 and a two-hundred day moving average of $29.66. The firm has a market capitalization of $1.26 billion, a P/E ratio of 10.73 and a beta of 1.14. Century Communities has a one year low of $21.95 and a one year high of $39.31.

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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