Seaport Res Ptn Issues Negative Outlook for CCS Earnings

Century Communities, Inc. (NYSE:CCS) – Analysts at Seaport Res Ptn cut their Q4 2024 earnings per share estimates for shares of Century Communities in a research note issued on Thursday, November 14th. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $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.

Several other research firms have also issued reports on CCS. B. Riley restated a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, Wedbush boosted their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th.

Century Communities Stock Down 1.7 %

CCS opened at $86.23 on Monday. The company has a 50 day moving average of $96.41 and a 200 day moving average of $91.44. The company has a market cap of $2.70 billion, a PE ratio of 8.60 and a beta of 1.87. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities has a 12 month low of $70.82 and a 12 month high of $108.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UniSuper Management Pty Ltd purchased a new stake in shares of Century Communities during the first quarter worth $641,000. Public Employees Retirement System of Ohio boosted its holdings in Century Communities by 50.2% in the first quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock valued at $3,778,000 after purchasing an additional 13,091 shares during the period. Vanguard Group Inc. raised its holdings in Century Communities by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after acquiring an additional 13,861 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in shares of Century Communities in the 3rd quarter valued at approximately $618,000. Finally, Caxton Associates LP lifted its stake in Century Communities by 111.6% during the first quarter. Caxton Associates LP now owns 14,837 shares of the construction company’s stock worth $1,432,000 after purchasing an additional 7,824 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Insider Buying and Selling at Century Communities

In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 11.90% of the stock is owned by insiders.

Century Communities Dividend Announcement

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

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.