Wedbush Weighs in on Century Communities, Inc.’s FY2017 Earnings (CCS)
Century Communities, Inc. (NYSE:CCS) – Research analysts at Wedbush dropped their FY2017 EPS estimates for Century Communities in a research note issued to investors on Friday. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $2.21 per share for the year, down from their prior forecast of $2.35. Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for Century Communities’ Q4 2017 earnings at $0.75 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.36 EPS, FY2018 earnings at $3.38 EPS and FY2019 earnings at $3.54 EPS.
Other equities analysts have also recently issued research reports about the company. FBR & Co reaffirmed a “buy” rating and set a $30.00 target price on shares of Century Communities in a research note on Tuesday, October 3rd. J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $32.00 in a research note on Thursday, September 14th. Citigroup Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of Century Communities in a research note on Tuesday, August 8th. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, BidaskClub cut Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $30.50.
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Century Communities (CCS) opened at $28.55 on Monday. The firm has a market capitalization of $816.17, a PE ratio of 11.84 and a beta of 1.13. Century Communities has a 12 month low of $19.00 and a 12 month high of $30.16. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.98 and a quick ratio of 3.98.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.30. The firm had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $409.42 million. Century Communities had a return on equity of 11.54% and a net margin of 4.03%. Century Communities’s revenue was up 51.1% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Century Communities by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 19,586 shares of the construction company’s stock worth $486,000 after purchasing an additional 51 shares during the last quarter. Legal & General Group Plc lifted its holdings in Century Communities by 6.9% in the 1st quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock worth $110,000 after purchasing an additional 278 shares during the last quarter. American International Group Inc. lifted its holdings in Century Communities by 7.2% in the 1st quarter. American International Group Inc. now owns 9,383 shares of the construction company’s stock worth $238,000 after purchasing an additional 633 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Century Communities by 2.3% in the 2nd quarter. California State Teachers Retirement System now owns 30,670 shares of the construction company’s stock worth $761,000 after purchasing an additional 700 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Century Communities by 12.2% during the second quarter. Voya Investment Management LLC now owns 11,407 shares of the construction company’s stock worth $283,000 after buying an additional 1,236 shares during the last quarter. Hedge funds and other institutional investors own 59.23% of the company’s stock.
About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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