What is B. Riley’s Forecast for CCS FY2025 Earnings?

Century Communities, Inc. (NYSE:CCS) – Research analysts at B. Riley increased their FY2025 earnings per share estimates for shares of Century Communities in a research report issued to clients and investors on Thursday, October 24th. B. Riley analyst A. Rygiel now expects that the construction company will post earnings of $13.25 per share for the year, up from their previous forecast of $13.00. 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 objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday.

Century Communities Trading Up 2.6 %

Shares of CCS opened at $93.84 on Friday. The stock has a fifty day moving average price of $99.18 and a two-hundred day moving average price of $90.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90. Century Communities has a 52-week low of $58.01 and a 52-week high of $108.42. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 10.42 and a beta of 1.85.

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

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were given a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a yield of 1.11%. Century Communities’s payout ratio is 11.54%.

Insider Buying and Selling at Century Communities

In other news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was 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 in the company, valued at $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director John P. Box sold 11,282 shares of the business’s 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 completion of the sale, the director now owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the sale, the chief executive officer now owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Century Communities

A number of institutional investors have recently made changes to their positions in CCS. Westwood Holdings Group Inc. grew its stake in shares of Century Communities by 106.3% during the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after purchasing an additional 409,068 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Century Communities during the second quarter worth $7,419,000. Marshall Wace LLP grew its stake in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares during the period. Finally, Algert Global LLC grew its stake in shares of Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after purchasing an additional 57,341 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

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.