B. Riley Expects Lower Earnings for Century Communities

Century Communities, Inc. (NYSE:CCS) – Investment analysts at B. Riley decreased their Q4 2024 earnings per share estimates for shares of Century Communities in a research note issued to investors on Thursday, October 24th. B. Riley analyst A. Rygiel now expects that the construction company will earn $3.10 per share for the quarter, down from their prior estimate of $3.18. B. Riley currently has a “Buy” rating and a $119.00 target price on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.98 per share.

Separately, Wedbush raised their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Stock Down 1.6 %

NYSE:CCS opened at $89.85 on Monday. Century Communities has a one year low of $60.54 and a one year high of $108.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $2.86 billion, a PE ratio of 9.97 and a beta of 1.85. The firm’s 50 day simple moving average is $99.04 and its 200 day simple moving average is $90.73.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $2.58 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares during the period. Covestor Ltd grew its stake in shares of Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after buying an additional 133 shares during the period. Arizona State Retirement System increased its position in Century Communities by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock valued at $654,000 after buying an additional 147 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in Century Communities by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock worth $2,719,000 after buying an additional 151 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Century Communities by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Insider Transactions at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the transaction, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Box sold 11,282 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were paid a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.16%. Century Communities’s payout ratio is 11.54%.

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.