Equities Analysts Set Expectations for Century Communities Inc.’s Q3 2016 Earnings (CCS)
Century Communities Inc. (NYSE:CCS) – Equities research analysts at Wedbush issued their Q3 2016 earnings estimates for shares of Century Communities in a report issued on Monday. Wedbush analyst J. Mccanless anticipates that the firm will post earnings per share of $0.56 for the quarter. Wedbush currently has a “Outperform” rating and a $30.00 price target on the stock. Wedbush also issued estimates for Century Communities’ Q4 2016 earnings at $0.92 EPS, FY2016 earnings at $2.50 EPS, Q1 2017 earnings at $0.31 EPS, Q2 2017 earnings at $0.69 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $1.05 EPS and FY2017 earnings at $2.89 EPS.
A number of other equities research analysts also recently weighed in on CCS. FBR & Co reiterated a “buy” rating and issued a $24.00 target price on shares of Century Communities in a report on Friday, June 10th. Citigroup Inc. started coverage on Century Communities in a report on Thursday, September 1st. They issued a “buy” rating and a $23.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $23.25.
Shares of Century Communities (NYSE:CCS) opened at 20.97 on Wednesday. The company has a market cap of $433.47 million, a PE ratio of 9.93 and a beta of 1.01. Century Communities has a 1-year low of $13.11 and a 1-year high of $21.58. The company has a 50-day moving average price of $19.89 and a 200-day moving average price of $18.06.
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Century Communities had a return on equity of 10.86% and a net margin of 5.39%. The business had revenue of $257.20 million for the quarter, compared to analysts’ expectations of $216.29 million. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Trading LLC bought a new position in shares of Century Communities during the second quarter valued at about $128,000. Paradigm Asset Management Co. LLC boosted its position in shares of Century Communities by 7.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,500 shares of the company’s stock valued at $130,000 after buying an additional 500 shares during the last quarter. Scout Investments Inc. bought a new position in shares of Century Communities during the second quarter valued at about $190,000. Spark Investment Management LLC bought a new position in shares of Century Communities during the first quarter valued at about $204,000. Finally, BlackRock Inc. boosted its position in shares of Century Communities by 1,332.3% in the second quarter. BlackRock Inc. now owns 13,650 shares of the company’s stock valued at $237,000 after buying an additional 12,697 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors.
In related news, insider Dale Francescon sold 61,500 shares of Century Communities stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $20.00, for a total transaction of $1,230,000.00. Following the transaction, the insider now owns 435,504 shares of the company’s stock, valued at $8,710,080. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Francescon sold 71,250 shares of Century Communities stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $19.99, for a total value of $1,424,287.50. Following the transaction, the insider now directly owns 435,504 shares in the company, valued at approximately $8,705,724.96. The disclosure for this sale can be found here. Insiders own 28.73% of the company’s stock.
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