FBR & Co Equities Analysts Lower Earnings Estimates for Century Communities Inc. (CCS)
Century Communities Inc. (NYSE:CCS) – Research analysts at FBR & Co cut their Q3 2016 EPS estimates for shares of Century Communities in a note issued to investors on Wednesday. FBR & Co analyst A. Rygiel now forecasts that the firm will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.66. FBR & Co currently has a “Outperform” rating on the stock. FBR & Co also issued estimates for Century Communities’ Q4 2016 earnings at $0.84 EPS, FY2016 earnings at $2.45 EPS, Q1 2017 earnings at $0.35 EPS, Q2 2017 earnings at $0.68 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $1.04 EPS and FY2017 earnings at $2.90 EPS.
Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The firm had revenue of $257.20 million for 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%. The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS.
Several other brokerages also recently commented on CCS. Citigroup Inc. started coverage on shares of Century Communities in a research note on Thursday, September 1st. They issued a “buy” rating and a $23.00 target price for the company. Wedbush began coverage on shares of Century Communities in a report on Monday, September 19th. They issued an “outperform” rating and a $30.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $23.25.
Century Communities (NYSE:CCS) opened at 20.47 on Thursday. The company has a 50-day moving average of $20.32 and a 200 day moving average of $18.46. Century Communities has a one year low of $13.11 and a one year high of $21.64. The company has a market cap of $423.14 million, a P/E ratio of 9.69 and a beta of 0.99.
In related news, insider Robert J. Francescon sold 71,250 shares of the stock in a transaction 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 in the company, valued at $8,705,724.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dale Francescon sold 67,250 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.00, for a total transaction of $1,345,000.00. Following the transaction, the insider now 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.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Century Communities by 12.2% in the first quarter. Geode Capital Management LLC now owns 95,394 shares of the company’s stock valued at $1,628,000 after buying an additional 10,390 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Century Communities by 11.6% in the second quarter. Foundry Partners LLC now owns 223,980 shares of the company’s stock valued at $3,884,000 after buying an additional 23,220 shares during the last quarter. Boston Partners boosted its position in shares of Century Communities by 731.0% in the second quarter. Boston Partners now owns 615,501 shares of the company’s stock valued at $10,673,000 after buying an additional 541,431 shares during the last quarter. Scout Investments Inc. acquired a new position in shares of Century Communities during the second quarter valued at approximately $190,000. Finally, SignalPoint Asset Management LLC boosted its position in shares of Century Communities by 6.9% in the second quarter. SignalPoint Asset Management LLC now owns 30,840 shares of the company’s stock valued at $535,000 after buying an additional 1,981 shares during the last quarter. Institutional investors and hedge funds own 61.14% of the company’s stock.
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