Century Communities (NYSE:CCS – Get Free Report) issued its quarterly earnings data on Wednesday. The construction company reported $2.72 earnings per share for the quarter, beating 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 analyst estimates of $1.10 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share.
Century Communities Stock Performance
NYSE:CCS traded down $2.80 during mid-day trading on Friday, reaching $91.08. 106,800 shares of the company’s stock were exchanged, compared to its average volume of 300,053. Century Communities has a one year low of $59.69 and a one year high of $108.42. The firm has a market capitalization of $2.90 billion, a PE ratio of 10.42 and a beta of 1.85. The business’s fifty day simple moving average is $99.18 and its two-hundred day simple moving average is $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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio is 11.54%.
Insider Buying and Selling
Analyst Ratings Changes
CCS has been the topic of several research analyst reports. Wedbush increased their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday. B. Riley reissued a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday.
Check Out 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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