Century Communities (NYSE:CCS) announced its earnings results on Tuesday. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.40, Bloomberg Earnings reports. Century Communities had a return on equity of 12.73% and a net margin of 3.55%. The firm had revenue of $518.79 million during the quarter, compared to analyst estimates of $507.29 million.
Shares of Century Communities (CCS) opened at $31.40 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $807.89, a P/E ratio of 10.46 and a beta of 1.11. Century Communities has a 52 week low of $21.90 and a 52 week high of $36.00.
Several brokerages have recently issued reports on CCS. Wedbush reissued an “outperform” rating and issued a $42.00 target price on shares of Century Communities in a research report on Wednesday. B. Riley reissued a “buy” rating on shares of Century Communities in a research report on Friday, November 3rd. Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, January 3rd. Finally, ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Century Communities currently has a consensus rating of “Buy” and a consensus target price of $35.17.
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Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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