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

Century Communities (NYSE:CCS) issued its quarterly earnings data on Wednesday. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16, Briefing.com reports. The company 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%. Century Communities’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share.

Century Communities Trading Down 2.9 %

Shares of Century Communities stock traded down $2.71 on Friday, reaching $91.17. 112,274 shares of the company’s stock were exchanged, compared to its average volume of 300,079. The company has a market capitalization of $2.90 billion, a P/E ratio of 10.42 and a beta of 1.85. Century Communities has a 52 week low of $59.69 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s 50-day moving average is $99.18 and its two-hundred day moving average is $90.55.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were issued 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 yield of 1.14%. Century Communities’s payout ratio is currently 11.54%.

Insider Activity

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

Analyst Ratings Changes

A number of analysts have weighed in on CCS shares. B. Riley reissued a “buy” rating and set a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research report on Thursday. Wedbush increased their price objective on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report 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.