Century Communities (NYSE:CCS) Issues Quarterly Earnings Results, Beats Expectations By $0.33 EPS

Century Communities (NYSE:CCS) announced its earnings results on Wednesday. The construction company reported $3.49 earnings per share for the quarter, topping the consensus estimate 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 Stock Down 2.5 %

Shares of NYSE:CCS traded down $1.88 during trading hours on Wednesday, reaching $74.67. The stock had a trading volume of 655,465 shares, compared to its average volume of 407,008. Century Communities has a 1 year low of $68.49 and a 1 year high of $108.42. The firm’s 50 day moving average is $79.74 and its 200-day moving average is $90.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 7.44 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. Shareholders of record on Wednesday, November 27th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.37%.

Analyst Ratings Changes

CCS has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush upped their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th.

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.