Century Communities Inc (NYSE:CCS) – Equities researchers at Wedbush issued their Q3 2018 earnings per share (EPS) estimates for Century Communities in a research note issued to investors on Wednesday, August 8th. Wedbush analyst J. Mccanless forecasts that the construction company will earn $1.09 per share for the quarter. Wedbush has a “Outperform” rating and a $42.00 price target on the stock. Wedbush also issued estimates for Century Communities’ Q4 2018 earnings at $1.40 EPS, FY2018 earnings at $4.45 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $1.15 EPS, Q3 2019 earnings at $1.31 EPS, Q4 2019 earnings at $1.58 EPS and FY2019 earnings at $4.75 EPS.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.17. The firm had revenue of $531.90 million for the quarter, compared to analyst estimates of $486.20 million. Century Communities had a net margin of 4.36% and a return on equity of 14.40%. The company’s revenue for the quarter was up 82.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS.

Several other research firms have also weighed in on CCS. Zacks Investment Research lowered shares of Century Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 18th. Zelman & Associates began coverage on shares of Century Communities in a research note on Wednesday, June 20th. They issued a “hold” rating on the stock. ValuEngine upgraded shares of Century Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, May 8th. B. Riley upped their price objective on shares of Century Communities from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 9th. Finally, TheStreet upgraded shares of Century Communities from a “c+” rating to a “b” rating in a research note on Wednesday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Century Communities has a consensus rating of “Buy” and a consensus price target of $37.58.

Century Communities stock opened at $29.45 on Monday. The company has a market capitalization of $927.67 million, a price-to-earnings ratio of 10.26 and a beta of 1.02. The company has a current ratio of 0.40, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97. Century Communities has a twelve month low of $21.90 and a twelve month high of $36.00.

A number of hedge funds have recently bought and sold shares of CCS. Teachers Advisors LLC grew its position in Century Communities by 23.8% in the fourth quarter. Teachers Advisors LLC now owns 56,257 shares of the construction company’s stock worth $1,750,000 after acquiring an additional 10,816 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Century Communities by 24.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 144,886 shares of the construction company’s stock worth $4,506,000 after acquiring an additional 28,317 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Century Communities in the fourth quarter worth approximately $279,000. MetLife Investment Advisors LLC bought a new stake in Century Communities in the fourth quarter worth approximately $235,000. Finally, B. Riley Financial Inc. bought a new stake in Century Communities in the first quarter worth approximately $287,000. 79.34% of the stock is owned by institutional investors.

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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