Century Communities (NYSE:CCS) Posts Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Century Communities (NYSE:CCS) announced its quarterly earnings results on Wednesday. The construction company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.19), FiscalAI reports. The firm had revenue of $864.47 million for the quarter, compared to analysts’ expectations of $949.83 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.

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 Price Performance

Shares of NYSE:CCS traded down $0.94 during midday trading on Wednesday, reaching $56.76. 235,992 shares of the company’s stock traded hands, compared to its average volume of 287,080. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00. The company has a market cap of $1.61 billion, a P/E ratio of 12.45 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The company has a fifty day simple moving average of $61.37 and a two-hundred day simple moving average of $62.42.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 26th. Century Communities’s dividend payout ratio is presently 28.07%.

Analysts Set New Price Targets

CCS has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Finally, Zacks Research lowered shares of Century Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Century Communities has a consensus rating of “Hold” and a consensus price target of $67.00.

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.