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 per share estimates for Century Communities in a research report issued to clients and investors on Monday. Wedbush analyst J. Mccanless expects that the brokerage will post earnings of $0.56 per share 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.
CCS has been the subject of a number of other research reports. Citigroup Inc. started coverage on shares of Century Communities in a report on Thursday, September 1st. They issued a “buy” rating and a $23.00 price objective for the company. FBR & Co restated a “buy” rating and set a $24.00 price target on shares of Century Communities in a report on Friday, June 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $23.25.
Century Communities (NYSE:CCS) opened at 20.97 on Wednesday. Century Communities has a 52 week low of $13.11 and a 52 week high of $21.58. The company has a 50-day moving average of $19.89 and a 200-day moving average of $18.06. The company has a market cap of $433.47 million, a P/E ratio of 9.93 and a beta of 1.01.
Century Communities (NYSE:CCS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company earned $257.20 million during the quarter, compared to the consensus estimate of $216.29 million. Century Communities had a net margin of 5.39% and a return on equity of 10.86%. Century Communities’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share.
Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Century Communities by 6.8% in the second quarter. Royal Bank of Canada now owns 48,504 shares of the company’s stock worth $841,000 after buying an additional 3,092 shares during the last quarter. Elk Creek Partners LLC boosted its position in Century Communities by 8.6% in the second quarter. Elk Creek Partners LLC now owns 542,167 shares of the company’s stock worth $9,401,000 after buying an additional 43,148 shares during the last quarter. Guggenheim Capital LLC boosted its position in Century Communities by 28.0% in the second quarter. Guggenheim Capital LLC now owns 81,454 shares of the company’s stock worth $1,412,000 after buying an additional 17,835 shares during the last quarter. Walleye Trading LLC bought a new position in Century Communities during the second quarter worth $128,000. Finally, Parametric Portfolio Associates LLC bought a new position in Century Communities during the second quarter worth $859,000. 61.14% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Robert J. Francescon sold 71,250 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $19.99, for a total transaction of $1,424,287.50. Following the completion of the transaction, the insider now owns 435,504 shares of the company’s stock, valued at approximately $8,705,724.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dale Francescon sold 61,500 shares of the 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 directly owns 435,504 shares of the company’s stock, valued at approximately $8,710,080. The disclosure for this sale can be found here. Corporate insiders own 28.73% of the company’s stock.
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