Equities research analysts expect Century Communities Inc (NYSE:CCS) to report $676.13 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Century Communities’ earnings. The lowest sales estimate is $648.20 million and the highest is $701.60 million. Century Communities reported sales of $518.79 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.3%. The firm is expected to issue its next earnings results on Tuesday, February 12th.

According to Zacks, analysts expect that Century Communities will report full-year sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.20 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.55 billion, with estimates ranging from $2.38 billion to $2.67 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Century Communities.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). Century Communities had a net margin of 4.34% and a return on equity of 14.49%. The business had revenue of $552.90 million for the quarter, compared to analysts’ expectations of $553.88 million. During the same period last year, the business earned $0.73 earnings per share. The company’s quarterly revenue was up 47.5% on a year-over-year basis.

Several equities research analysts recently commented on CCS shares. Zacks Investment Research cut Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine cut Century Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Wedbush reaffirmed an “outperform” rating and set a $30.00 price objective (down from $42.00) on shares of Century Communities in a research report on Monday, October 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Century Communities from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $38.50 to $31.50 in a research report on Friday, September 21st. Finally, B. Riley dropped their price objective on Century Communities from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Century Communities currently has an average rating of “Hold” and an average target price of $34.50.

A number of hedge funds have recently bought and sold shares of the business. B. Riley Financial Inc. lifted its holdings in Century Communities by 80.5% in the third quarter. B. Riley Financial Inc. now owns 23,304 shares of the construction company’s stock valued at $611,000 after acquiring an additional 10,392 shares during the period. AJ Wealth Strategies LLC lifted its holdings in Century Communities by 51.7% in the third quarter. AJ Wealth Strategies LLC now owns 24,660 shares of the construction company’s stock valued at $647,000 after acquiring an additional 8,400 shares during the period. First Sabrepoint Capital Management LP lifted its holdings in Century Communities by 12.4% in the third quarter. First Sabrepoint Capital Management LP now owns 700,000 shares of the construction company’s stock valued at $18,375,000 after acquiring an additional 76,951 shares during the period. MetLife Investment Advisors LLC lifted its holdings in Century Communities by 55.1% in the third quarter. MetLife Investment Advisors LLC now owns 18,787 shares of the construction company’s stock valued at $493,000 after acquiring an additional 6,678 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in Century Communities in the third quarter valued at about $625,000. 81.07% of the stock is currently owned by institutional investors.

Shares of Century Communities stock traded up $0.65 during trading on Friday, hitting $20.31. 30,318 shares of the company’s stock traded hands, compared to its average volume of 636,912. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.30 and a quick ratio of 0.30. Century Communities has a 1 year low of $19.20 and a 1 year high of $36.00. The stock has a market capitalization of $619.48 million, a PE ratio of 7.09 and a beta of 1.19.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.

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Earnings History and Estimates for Century Communities (NYSE:CCS)

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