Equities analysts expect that Century Communities Inc (NYSE:CCS) will post sales of $581.13 million for the current quarter, Zacks reports. Two analysts have provided estimates for Century Communities’ earnings, with estimates ranging from $563.75 million to $598.50 million. Century Communities posted sales of $561.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is expected to issue its next earnings results on Tuesday, November 5th.
On average, analysts expect that Century Communities will report full year sales of $2.44 billion for the current financial year, with estimates ranging from $2.41 billion to $2.47 billion. For the next financial year, analysts forecast that the company will report sales of $2.62 billion, with estimates ranging from $2.61 billion to $2.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Century Communities.
Century Communities (NYSE:CCS) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. The company had revenue of $608.60 million for the quarter, compared to analyst estimates of $554.22 million. During the same period in the previous year, the company posted $1.21 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year.
In other news, CEO Robert J. Francescon sold 75,000 shares of Century Communities stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $27.77, for a total value of $2,082,750.00. Following the transaction, the chief executive officer now owns 326,280 shares of the company’s stock, valued at $9,060,795.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert J. Francescon sold 100,000 shares of Century Communities stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $26.05, for a total transaction of $2,605,000.00. Following the completion of the transaction, the chief executive officer now directly owns 376,280 shares in the company, valued at approximately $9,802,094. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,747 shares of company stock worth $4,925,843. Corporate insiders own 14.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Century Communities by 82.3% in the 2nd quarter. BlackRock Inc. now owns 4,671,673 shares of the construction company’s stock worth $124,172,000 after acquiring an additional 2,109,664 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Century Communities by 5,668.7% during the 2nd quarter. Victory Capital Management Inc. now owns 733,028 shares of the construction company’s stock worth $19,484,000 after acquiring an additional 720,321 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Century Communities by 32.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,684,946 shares of the construction company’s stock worth $44,785,000 after acquiring an additional 409,852 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Century Communities by 49.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 885,587 shares of the construction company’s stock worth $23,539,000 after acquiring an additional 293,681 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Century Communities by 299.1% during the 2nd quarter. Morgan Stanley now owns 278,744 shares of the construction company’s stock worth $7,410,000 after acquiring an additional 208,906 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.
Shares of Century Communities stock traded down $0.07 during trading on Tuesday, reaching $29.85. The company’s stock had a trading volume of 426,600 shares, compared to its average volume of 422,638. The stock has a 50-day moving average price of $27.53 and a two-hundred day moving average price of $26.26. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99. Century Communities has a one year low of $16.35 and a one year high of $31.23. The stock has a market capitalization of $846.19 million, a P/E ratio of 7.58 and a beta of 1.25.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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