Century Communities Inc. (CCS) to Post Q3 2016 Earnings of $0.60 Per Share, FBR & Co Forecasts
Century Communities Inc. (NYSE:CCS) – Research analysts at FBR & Co dropped their Q3 2016 earnings per share (EPS) estimates for Century Communities in a research report issued on Wednesday. FBR & Co analyst A. Rygiel now forecasts that the firm will earn $0.60 per share for the quarter, down from their previous forecast of $0.66. FBR & Co currently has a “Outperform” rating on the stock. FBR & Co also issued estimates for Century Communities’ Q4 2016 earnings at $0.84 EPS, FY2016 earnings at $2.45 EPS, Q1 2017 earnings at $0.35 EPS, Q2 2017 earnings at $0.68 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $1.04 EPS and FY2017 earnings at $2.90 EPS.
Other equities analysts also recently issued research reports about the company. Citigroup Inc. initiated coverage on Century Communities in a research report on Thursday, September 1st. They set a “buy” rating and a $23.00 target price on the stock. Wedbush initiated coverage on Century Communities in a research report on Monday, September 19th. They set an “outperform” rating and a $30.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $23.25.
Shares of Century Communities (NYSE:CCS) traded down 0.24% during trading on Thursday, hitting $21.07. The stock had a trading volume of 12,751 shares. The company has a market cap of $435.54 million, a P/E ratio of 9.98 and a beta of 0.99. Century Communities has a 12 month low of $13.11 and a 12 month high of $21.64. The stock has a 50-day moving average price of $20.23 and a 200 day moving average price of $18.41.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Century Communities had a return on equity of 10.86% and a net margin of 5.39%. The firm earned $257.20 million during the quarter, compared to the consensus estimate of $216.29 million. During the same period last year, the company earned $0.46 earnings per share. The company’s revenue was up 37.7% on a year-over-year basis.
In other Century Communities news, insider Robert J. Francescon sold 71,250 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $19.99, for a total value of $1,424,287.50. Following the completion of the sale, the insider now directly owns 435,504 shares in the company, valued at approximately $8,705,724.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dale Francescon sold 61,500 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $20.00, for a total value of $1,230,000.00. Following the completion of the sale, the insider now owns 435,504 shares of the company’s stock, valued at $8,710,080. The disclosure for this sale can be found here. 28.73% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Walleye Trading LLC purchased a new stake in shares of Century Communities during the second quarter valued at $128,000. Paradigm Asset Management Co. LLC boosted its stake in shares of Century Communities by 7.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,500 shares of the company’s stock valued at $130,000 after buying an additional 500 shares in the last quarter. Scout Investments Inc. purchased a new stake in shares of Century Communities during the second quarter valued at $190,000. Spark Investment Management LLC purchased a new stake in shares of Century Communities during the first quarter valued at $204,000. Finally, BlackRock Inc. boosted its stake in shares of Century Communities by 1,332.3% in the second quarter. BlackRock Inc. now owns 13,650 shares of the company’s stock valued at $237,000 after buying an additional 12,697 shares in the last quarter. Institutional investors and hedge funds own 61.14% of the company’s stock.
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