Century Communities (NYSE:CCS – Get Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67, reports. The company had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 13.06%.
Century Communities Price Performance
NYSE:CCS opened at $78.37 on Friday. The company has a 50-day moving average of $86.54 and a 200-day moving average of $80.91. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 8.70 and a beta of 1.71. Century Communities has a 52 week low of $58.01 and a 52 week high of $97.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46.
Century Communities Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 27th. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.
Institutional Investors Weigh In On Century Communities
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on CCS. Wedbush reaffirmed an “underperform” rating and issued a $82.00 price target on shares of Century Communities in a research note on Thursday. B. Riley upped their price target on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 1st.
Read Our Latest Stock Analysis on Century Communities
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.
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