FY2017 EPS Estimates for Century Communities, Inc. Cut by Analyst (CCS)
Century Communities, Inc. (NYSE:CCS) – Investment analysts at Wedbush cut their FY2017 earnings estimates for Century Communities in a report issued on Friday. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $2.21 per share for the year, down from their previous forecast of $2.35. Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for Century Communities’ Q4 2017 earnings at $0.75 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.36 EPS, FY2018 earnings at $3.38 EPS and FY2019 earnings at $3.54 EPS.
A number of other analysts have also recently commented on the stock. J P Morgan Chase & Co raised shares of Century Communities from a “neutral” rating to an “overweight” rating and upped their target price for the company from $28.00 to $32.00 in a report on Thursday, September 14th. Zacks Investment Research cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. FBR & Co reaffirmed a “buy” rating and set a $30.00 target price on shares of Century Communities in a report on Tuesday, October 3rd. BidaskClub cut shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of Century Communities in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Century Communities currently has a consensus rating of “Buy” and a consensus price target of $30.50.
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Shares of Century Communities (NYSE CCS) opened at $29.60 on Monday. Century Communities has a twelve month low of $19.00 and a twelve month high of $30.16. The company has a market cap of $812.03, a P/E ratio of 11.78 and a beta of 1.13. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.49.
Century Communities (NYSE:CCS) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 11.54%. The business had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was up 51.1% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in CCS. Boston Partners increased its stake in shares of Century Communities by 107.5% in the third quarter. Boston Partners now owns 705,530 shares of the construction company’s stock worth $17,427,000 after purchasing an additional 365,540 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Century Communities by 92.4% in the second quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after purchasing an additional 244,629 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Century Communities by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 892,840 shares of the construction company’s stock worth $22,142,000 after purchasing an additional 175,217 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of Century Communities by 26.9% in the third quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock worth $11,972,000 after purchasing an additional 102,878 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its stake in shares of Century Communities by 38.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 333,159 shares of the construction company’s stock worth $8,262,000 after purchasing an additional 92,239 shares in the last quarter. 59.23% of the stock is owned by hedge funds and other institutional investors.
Century Communities Company Profile
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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