Century Communities (NYSE:CCS) Announces Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Century Communities (NYSE:CCS) announced its quarterly earnings data on Wednesday. The construction company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.21), FiscalAI reports. The business had revenue of $864.47 million during the quarter, compared to analysts’ expectations of $949.83 million. Century Communities had a return on equity of 5.41% and a net margin of 2.86%. Century Communities’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 EPS.

Here are the key takeaways from Century Communities’ conference call:

• Higher mortgage rates and weaker consumer confidence slowed traffic, conversions, orders and deliveries; management said these trends continued into October.
• Incentives rose to approximately 13.0% of deliveries in the third quarter and are expected to increase another 200–250 basis points in the fourth quarter, pressuring adjusted gross margins.
• Century lowered its 2026 outlook to 9,350–9,650 home deliveries and $3.3–$3.4 billion in home sales revenue, reflecting the industry-wide slowdown in absorption.
• The acquisition of HistoryMaker Homes expands Century’s Dallas-Fort Worth communities from 12 to 41, adds entry-level and move-up products, and strengthens its position in a market management views as having favorable long-term fundamentals.
• Century ended the quarter with record community count and book value per share, $864 million of liquidity, and a larger $1.2 billion revolving facility; its low-deposit land strategy is intended to preserve flexibility while it controls costs and matches starts with demand.

Century Communities Trading Down 1.9%

NYSE:CCS opened at $52.56 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. Century Communities has a 12 month low of $47.28 and a 12 month high of $76.00. The company has a market cap of $1.49 billion, a PE ratio of 11.20 and a beta of 1.28. The company has a 50 day simple moving average of $60.44 and a two-hundred day simple moving average of $62.25.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 26th. Century Communities’s payout ratio is 34.13%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Saturday. B. Riley Financial reduced their price objective on Century Communities from $64.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Research downgraded Century Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Century Communities has a consensus rating of “Hold” and a consensus price target of $63.00.

About Century Communities

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.