Research Analysts Issue Forecasts for Century Communities, Inc.’s Q4 2017 Earnings (NYSE:CCS)
Century Communities, Inc. (NYSE:CCS) – Research analysts at Wedbush reduced their Q4 2017 earnings per share (EPS) estimates for Century Communities in a report issued on Friday. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $0.84 per share for the quarter, down from their prior forecast of $0.98. Wedbush also issued estimates for Century Communities’ Q1 2018 earnings at $0.33 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $1.31 EPS and FY2018 earnings at $3.55 EPS.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $287.60 million during the quarter, compared to analysts’ expectations of $305.38 million. Century Communities had a net margin of 4.87% and a return on equity of 11.03%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2017/08/08/research-analysts-issue-forecasts-for-century-communities-inc-s-q4-2017-earnings-nyseccs.html.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, April 25th. FBR & Co reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Century Communities in a report on Monday, April 17th. ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. assumed coverage on shares of Century Communities in a report on Tuesday. They issued a “buy” rating and a $30.00 target price for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.25.
Century Communities (NYSE:CCS) traded up 1.04% during midday trading on Monday, reaching $24.40. 36,038 shares of the company’s stock traded hands. The firm has a market cap of $538.48 million, a PE ratio of 10.43 and a beta of 1.02. The firm’s 50-day moving average is $25.33 and its 200 day moving average is $24.89. Century Communities has a 52-week low of $18.45 and a 52-week high of $28.05.
Hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of Century Communities by 0.3% in the second quarter. Alps Advisors Inc. now owns 19,586 shares of the construction company’s stock valued at $486,000 after buying an additional 51 shares during the period. Legal & General Group Plc boosted its position in shares of Century Communities by 6.9% in the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after buying an additional 278 shares during the period. James Investment Research Inc. boosted its position in shares of Century Communities by 0.4% in the first quarter. James Investment Research Inc. now owns 149,005 shares of the construction company’s stock valued at $3,785,000 after buying an additional 610 shares during the period. American International Group Inc. boosted its position in Century Communities by 7.2% in the first quarter. American International Group Inc. now owns 9,383 shares of the construction company’s stock valued at $238,000 after buying an additional 633 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Century Communities by 13.6% in the second quarter. Rhumbline Advisers now owns 19,961 shares of the construction company’s stock valued at $495,000 after buying an additional 2,389 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.
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