Brokerages forecast that Century Communities (NYSE:CCS) will report $385.05 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Century Communities’ earnings, with the highest sales estimate coming in at $404.68 million and the lowest estimate coming in at $366.20 million. Century Communities reported sales of $228.32 million in the same quarter last year, which would suggest a positive year over year growth rate of 68.6%. The company is scheduled to report its next earnings results after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Century Communities will report full-year sales of $1.87 billion for the current year, with estimates ranging from $1.84 billion to $1.89 billion. For the next year, analysts expect that the company will post sales of $2.15 billion per share, with estimates ranging from $2.09 billion to $2.26 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Century Communities.
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.40. Century Communities had a net margin of 3.55% and a return on equity of 11.79%. The firm had revenue of $518.79 million during the quarter, compared to the consensus estimate of $507.29 million.
A number of hedge funds have recently made changes to their positions in the business. American International Group Inc. raised its position in Century Communities by 19.4% in the third quarter. American International Group Inc. now owns 12,800 shares of the construction company’s stock worth $316,000 after acquiring an additional 2,077 shares during the period. First Trust Advisors LP raised its position in shares of Century Communities by 14.9% in the fourth quarter. First Trust Advisors LP now owns 19,745 shares of the construction company’s stock valued at $614,000 after purchasing an additional 2,562 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of Century Communities by 21.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 19,523 shares of the construction company’s stock valued at $608,000 after purchasing an additional 3,484 shares during the period. Aperio Group LLC raised its position in shares of Century Communities by 24.9% in the fourth quarter. Aperio Group LLC now owns 18,763 shares of the construction company’s stock valued at $584,000 after purchasing an additional 3,744 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Century Communities by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 122,289 shares of the construction company’s stock valued at $3,020,000 after purchasing an additional 4,233 shares during the period. 79.01% of the stock is currently owned by institutional investors and hedge funds.
CCS traded down $0.80 during midday trading on Monday, hitting $30.15. The company had a trading volume of 271,108 shares, compared to its average volume of 266,779. The company has a market cap of $903.31, a P/E ratio of 10.78 and a beta of 1.09. Century Communities has a 52 week low of $21.90 and a 52 week high of $36.00. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06.
About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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