Q4 EPS Forecast for Century Communities Decreased by Analyst

Century Communities, Inc. (NYSE:CCS - Free Report) - B. Riley cut their Q4 2024 earnings estimates for shares of Century Communities in a research report issued on Thursday, October 24th. B. Riley analyst A. Rygiel now expects that the construction company will earn $3.10 per share for the quarter, down from their prior forecast of $3.18. B. Riley has a "Buy" rating and a $119.00 price target on the stock. The consensus estimate for Century Communities' current full-year earnings is $10.98 per share.

Separately, Wedbush lifted their price target on shares of Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday.

Century Communities Trading Up 1.1 %

CCS traded up $0.99 during trading on Monday, reaching $91.34. 246,496 shares of the company's stock were exchanged, compared to its average volume of 300,549. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Century Communities has a one year low of $60.54 and a one year high of $108.42. The firm has a fifty day moving average price of $99.15 and a two-hundred day moving average price of $90.63. The stock has a market capitalization of $2.90 billion, a PE ratio of 10.12 and a beta of 1.85.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $2.58 earnings per share. The business's revenue for the quarter was up 23.7% on a year-over-year basis.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, August 28th. Century Communities's payout ratio is presently 11.54%.

Insider Buying and Selling at Century Communities

In related news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the transaction, the director now owns 45,127 shares of the company's stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert J. Francescon sold 50,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the transaction, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On Century Communities

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its stake in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company's stock worth $26,000 after buying an additional 133 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Century Communities during the first quarter worth approximately $57,000. Signaturefd LLC lifted its holdings in shares of Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock worth $93,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC grew its position in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock valued at $108,000 after purchasing an additional 287 shares during the period. Finally, Innealta Capital LLC bought a new stake in Century Communities during the 2nd quarter valued at $162,000. Institutional investors own 99.54% of the company's stock.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.