$481.66 Million in Sales Expected for Century Communities (CCS) This Quarter

Analysts expect Century Communities (NYSE:CCS) to report sales of $481.66 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Century Communities’ earnings, with estimates ranging from $449.89 million to $504.72 million. Century Communities reported sales of $290.08 million in the same quarter last year, which indicates a positive year over year growth rate of 66%. The company is expected to report its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Century Communities will report full-year sales of $1.98 billion for the current year, with estimates ranging from $1.88 billion to $2.05 billion. For the next financial year, analysts expect that the firm will report sales of $2.25 billion per share, with estimates ranging from $2.14 billion to $2.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Century Communities.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. The company had revenue of $401.85 million for the quarter, compared to analyst estimates of $377.72 million. Century Communities had a return on equity of 12.68% and a net margin of 3.87%. The firm’s revenue was up 76.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share.

CCS has been the topic of several research analyst reports. Zacks Investment Research lowered Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $42.00 price target on shares of Century Communities in a research report on Wednesday, February 14th. JPMorgan Chase lifted their price target on Century Communities from $34.00 to $37.50 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. ValuEngine lowered Century Communities from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Deutsche Bank lifted their price target on Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $36.36.

Century Communities opened at $30.85 on Friday, according to Marketbeat.com. The company has a market cap of $902.61 million, a price-to-earnings ratio of 10.75 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 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Century Communities by 14.6% in the fourth quarter. BlackRock Inc. now owns 2,276,323 shares of the construction company’s stock valued at $70,794,000 after purchasing an additional 290,340 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Century Communities by 23.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,914,480 shares of the construction company’s stock valued at $57,339,000 after purchasing an additional 368,456 shares during the period. Oaktree Capital Management LP increased its holdings in shares of Century Communities by 23.8% in the fourth quarter. Oaktree Capital Management LP now owns 1,819,003 shares of the construction company’s stock valued at $56,570,000 after purchasing an additional 350,000 shares during the period. Millennium Management LLC increased its holdings in shares of Century Communities by 35.7% in the fourth quarter. Millennium Management LLC now owns 1,241,269 shares of the construction company’s stock valued at $38,603,000 after purchasing an additional 326,505 shares during the period. Finally, Hodges Capital Management Inc. acquired a new position in shares of Century Communities in the fourth quarter valued at approximately $32,024,000. 77.98% of the stock is currently owned by institutional investors and hedge funds.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.

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Earnings History and Estimates for Century Communities (NYSE:CCS)

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