Brokers Set Expectations for Century Communities, Inc.’s Q3 2022 Earnings (NYSE:CCS)
Century Communities, Inc. (NYSE:CCS – Get Rating) – Research analysts at Wedbush decreased their Q3 2022 earnings per share estimates for shares of Century Communities in a research note issued on Monday, October 10th. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $3.28 per share for the quarter, down from their previous estimate of $4.34. Wedbush currently has a “Outperform” rating and a $79.00 target price on the stock. The consensus estimate for Century Communities’ current full-year earnings is $19.05 per share. Wedbush also issued estimates for Century Communities’ Q4 2022 earnings at $3.04 EPS, FY2022 earnings at $15.31 EPS, Q1 2023 earnings at $2.46 EPS, Q2 2023 earnings at $2.77 EPS, Q3 2023 earnings at $3.80 EPS, Q4 2023 earnings at $4.18 EPS, FY2023 earnings at $13.22 EPS, Q2 2024 earnings at $4.12 EPS, Q3 2024 earnings at $4.78 EPS and FY2024 earnings at $18.35 EPS.
Several other research firms also recently commented on CCS. StockNews.com began coverage on Century Communities in a report on Wednesday. They issued a “hold” rating for the company. B. Riley raised their price target on Century Communities from $57.00 to $61.00 in a report on Thursday, July 28th. JPMorgan Chase & Co. cut their price target on Century Communities from $70.50 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Finally, Wells Fargo & Company cut their price target on Century Communities from $62.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, June 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Century Communities currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.25.
Century Communities Trading Down 0.0 %
NYSE CCS opened at $44.41 on Wednesday. The company has a market cap of $1.43 billion, a PE ratio of 2.60 and a beta of 1.79. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.52. Century Communities has a 12 month low of $39.00 and a 12 month high of $86.07. The stock has a 50 day moving average of $47.06 and a 200-day moving average of $49.38.
Century Communities (NYSE:CCS – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The construction company reported $4.78 EPS for the quarter, beating the consensus estimate of $4.47 by $0.31. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Century Communities had a return on equity of 33.10% and a net margin of 13.34%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.47 EPS.
Institutional Investors Weigh In On Century Communities
Hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in shares of Century Communities by 70.5% during the second quarter. Lazard Asset Management LLC now owns 1,553 shares of the construction company’s stock worth $69,000 after buying an additional 642 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Century Communities during the first quarter worth $100,000. KBC Group NV acquired a new stake in shares of Century Communities during the second quarter worth $117,000. New Century Advisors LLC lifted its holdings in shares of Century Communities by 21.9% during the first quarter. New Century Advisors LLC now owns 2,437 shares of the construction company’s stock worth $131,000 after buying an additional 438 shares in the last quarter. Finally, Islay Capital Management LLC acquired a new stake in shares of Century Communities during the first quarter worth $134,000. Institutional investors and hedge funds own 88.48% of the company’s stock.
Century Communities Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, August 30th. Century Communities’s dividend payout ratio is currently 4.69%.
About Century Communities
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 home buyers.
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