Q4 EPS Estimate for Century Communities Lowered by Analyst

Century Communities, Inc. (NYSE:CCS) – Analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for Century Communities in a research note issued on Thursday, November 14th. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will earn $3.25 per share for the quarter, down from their prior estimate of $3.49. The consensus estimate for Century Communities’ current full-year earnings is $10.88 per share. Seaport Res Ptn also issued estimates for Century Communities’ FY2025 earnings at $12.53 EPS.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley reiterated a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, Wedbush upped their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Century Communities Price Performance

Shares of CCS opened at $85.80 on Monday. The company has a market capitalization of $2.69 billion, a P/E ratio of 8.55 and a beta of 1.87. Century Communities has a fifty-two week low of $70.82 and a fifty-two week high of $108.42. The business’s 50-day moving average is $96.20 and its two-hundred day moving average is $91.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be given a $0.26 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.21%. Century Communities’s dividend payout ratio is presently 10.37%.

Insider Activity

In related news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.70% of the company’s stock.

Institutional Trading of Century Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd increased its holdings 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 acquiring an additional 133 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Century Communities during the 3rd quarter worth approximately $51,000. Signaturefd LLC increased its position in shares of Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after purchasing an additional 287 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities in the third quarter valued at $144,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.