What is Seaport Res Ptn's Forecast for CCS Q4 Earnings?

Century Communities, Inc. (NYSE:CCS - Free Report) - Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for Century Communities in a report released on Thursday, November 14th. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings of $3.25 per share for the quarter, down from their previous estimate of $3.49. The consensus estimate for Century Communities' current full-year earnings is $10.88 per share. Seaport Res Ptn also issued estimates for Century Communities' FY2025 earnings at $12.53 EPS.

Other equities research analysts also recently issued research reports about the company. B. Riley restated a "buy" rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Wedbush raised their price target on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th.

Century Communities Price Performance

Shares of CCS traded down $1.44 during trading hours on Monday, hitting $84.79. 96,738 shares of the stock were exchanged, compared to its average volume of 298,592. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock's 50-day moving average price is $96.41 and its two-hundred day moving average price is $91.52. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87. Century Communities has a 12-month low of $70.82 and a 12-month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The firm's revenue for the quarter was up 23.7% on a year-over-year basis.

Institutional Investors Weigh In On Century Communities

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its stake in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after buying an additional 115 shares in the last quarter. Covestor Ltd boosted its position in shares of Century Communities by 95.0% in the first 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. Arizona State Retirement System boosted its position in shares of Century Communities by 1.9% in the second quarter. Arizona State Retirement System now owns 8,006 shares of the construction company's stock worth $654,000 after buying an additional 147 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Century Communities by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company's stock worth $231,000 after buying an additional 172 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Century Communities by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company's stock worth $796,000 after acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Insiders Place Their Bets

In other news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares of the company's stock, valued at $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is currently owned by company insiders.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.23%. Century Communities's dividend payout ratio is presently 10.37%.

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.