Century Communities (NYSE:CCS) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Century Communities (NYSE:CCS - Get Free Report) posted its quarterly earnings data on Wednesday. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16, Briefing.com reports. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The firm's revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.58 EPS.

Century Communities Stock Performance

Century Communities stock traded down $3.53 during midday trading on Friday, hitting $90.35. The company's stock had a trading volume of 263,686 shares, compared to its average volume of 300,811. The company has a 50-day moving average price of $99.18 and a two-hundred day moving average price of $90.55. Century Communities has a 1-year low of $59.69 and a 1-year high of $108.42. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 10.42 and a beta of 1.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. Century Communities's payout ratio is presently 11.54%.

Insiders Place Their Bets

In other news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Robert J. Francescon sold 50,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 477,931 shares of the company's stock, valued at $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John P. Box sold 11,282 shares of the firm's stock in a transaction dated 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 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. Company insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wedbush raised their price objective on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a report on Thursday. B. Riley restated a "buy" rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a research note on Thursday.

Century Communities Company Profile

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.