Century Communities Inc (NYSE:CCS) – Wedbush increased their Q4 2018 earnings estimates for shares of Century Communities in a note issued to investors on Wednesday, November 7th. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $1.37 per share for the quarter, up from their prior forecast of $1.36. Wedbush currently has a “Outperform” rating and a $30.00 target price on the stock. Wedbush also issued estimates for Century Communities’ Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.88 EPS and FY2019 earnings at $3.68 EPS.

Century Communities (NYSE:CCS) last released its earnings results on Tuesday, November 6th. The construction company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $553.88 million. During the same period last year, the business posted $0.73 EPS. Century Communities’s revenue was up 47.5% compared to the same quarter last year.

A number of other research firms also recently commented on CCS. Zacks Investment Research downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. ValuEngine downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. downgraded Century Communities from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $38.50 to $31.50 in a report on Friday, September 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.50.

Century Communities stock opened at $20.26 on Monday. Century Communities has a one year low of $19.96 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $634.25 million, a price-to-earnings ratio of 7.06 and a beta of 1.19.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Century Communities by 13.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,537,890 shares of the construction company’s stock valued at $66,619,000 after buying an additional 292,677 shares in the last quarter. BlackRock Inc. increased its position in shares of Century Communities by 6.7% in the third quarter. BlackRock Inc. now owns 2,301,346 shares of the construction company’s stock valued at $60,410,000 after buying an additional 145,267 shares in the last quarter. Millennium Management LLC increased its position in shares of Century Communities by 21.3% in the second quarter. Millennium Management LLC now owns 1,323,303 shares of the construction company’s stock valued at $41,750,000 after buying an additional 232,059 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Century Communities by 100.6% in the third quarter. Frontier Capital Management Co. LLC now owns 618,418 shares of the construction company’s stock valued at $16,233,000 after buying an additional 310,133 shares in the last quarter. Finally, Heartland Advisors Inc. increased its position in shares of Century Communities by 32.0% in the third quarter. Heartland Advisors Inc. now owns 447,600 shares of the construction company’s stock valued at $11,750,000 after buying an additional 108,500 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

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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