Century Communities (NYSE:CCS) Announces Quarterly Earnings Results

Century Communities (NYSE:CCS) issued its quarterly earnings results on Wednesday. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33, Zacks reports. Century Communities had a net margin of 7.44% and a return on equity of 13.79%.

Century Communities Price Performance

Shares of NYSE:CCS opened at $77.70 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $79.74 and a 200 day moving average price of $90.48. Century Communities has a 52 week low of $68.49 and a 52 week high of $108.42. The company has a market cap of $2.44 billion, a P/E ratio of 7.72 and a beta of 1.91.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.34%. Century Communities’s dividend payout ratio (DPR) is 10.37%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Wedbush boosted their target price on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, 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 research note on Thursday, October 24th.

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.