Positive Media Coverage Very Unlikely to Impact Century Communities (CCS) Share Price
Media stories about Century Communities (NYSE:CCS) have been trending positive recently, according to Alpha One Sentiment Analysis. The research group, a division of Accern, rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Century Communities earned a news sentiment score of 0.27 on Alpha One’s scale. Alpha One also assigned news stories about the construction company an impact score of 20 out of 100, indicating that recent media coverage is very unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Century Communities Sets Date for First Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Century Communities, Inc (CCS) Earns Outperform Rating from FBR & Co (americanbankingnews.com)
- Does Century Communities Inc’s (CCS) April stock price reflect its future growth? (simplywall.st)
- Century Communities (CCS) Earns Coverage Optimism Score of 0.08 (americanbankingnews.com)
- CENTURY COMMUNITIES, INC. (NYSE:CCS) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
Century Communities (NYSE:CCS) traded up 1.15% during midday trading on Tuesday, reaching $26.35. 40,950 shares of the company were exchanged. The firm has a market cap of $569.37 million, a P/E ratio of 11.31 and a beta of 1.09. Century Communities has a one year low of $16.30 and a one year high of $27.65. The firm’s 50-day moving average is $24.87 and its 200-day moving average is $22.22.
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, February 14th. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The business earned $292.40 million during the quarter, compared to analysts’ expectations of $270.36 million. Century Communities had a net margin of 5.27% and a return on equity of 11.19%. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. On average, equities analysts expect that Century Communities will post $2.72 EPS for the current fiscal year.
CCS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, January 4th. FBR & Co reaffirmed an “outperform” rating and set a $27.00 price target on shares of Century Communities in a report on Monday. Finally, Wedbush reaffirmed an “outperform” rating and set a $30.00 price target on shares of Century Communities in a report on Wednesday, February 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Century Communities presently has a consensus rating of “Buy” and an average price target of $25.20.
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