Century Communities, Inc (NYSE:CCS) – Investment analysts at FBR & Co issued their Q3 2016 earnings per share (EPS) estimates for shares of Century Communities in a note issued to investors on Tuesday. FBR & Co analyst A. Rygiel expects that the brokerage will earn $0.66 per share for the quarter. FBR & Co has a “Outperform” rating on the stock. FBR & Co also issued estimates for Century Communities’ Q4 2016 earnings at $0.99 EPS, FY2016 earnings at $2.65 EPS, Q1 2017 earnings at $0.32 EPS, Q2 2017 earnings at $0.69 EPS, Q3 2017 earnings at $0.99 EPS, Q4 2017 earnings at $1.26 EPS and FY2017 earnings at $3.25 EPS.
Several other brokerages have also recently issued reports on CCS. Citigroup Inc. started coverage on Century Communities in a report on Thursday, September 1st. They issued a “buy” rating and a $23.00 target price for the company. Wedbush started coverage on Century Communities in a report on Monday, September 19th. They issued an “outperform” rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.25.
Shares of Century Communities (NYSE:CCS) opened at 21.18 on Thursday. The company has a market capitalization of $437.81 million, a P/E ratio of 10.03 and a beta of 1.01. Century Communities has a 12-month low of $13.11 and a 12-month high of $21.58. The company has a 50 day moving average price of $20.05 and a 200 day moving average price of $18.24.
Century Communities (NYSE:CCS) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The firm earned $257.20 million during the quarter, compared to the consensus estimate of $216.29 million. Century Communities had a return on equity of 10.86% and a net margin of 5.39%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.
In related news, insider Robert J. Francescon sold 71,250 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.99, for a total transaction of $1,424,287.50. Following the transaction, the insider now owns 435,504 shares of the company’s stock, valued at approximately $8,705,724.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dale Francescon sold 67,250 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $20.00, for a total value of $1,345,000.00. Following the transaction, the insider now directly owns 435,504 shares in the company, valued at approximately $8,710,080. The disclosure for this sale can be found here. Insiders own 28.73% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Walleye Trading LLC purchased a new position in Century Communities during the second quarter valued at about $128,000. Paradigm Asset Management Co. LLC raised its position in Century Communities by 7.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,500 shares of the company’s stock valued at $130,000 after buying an additional 500 shares during the last quarter. Scout Investments Inc. purchased a new position in Century Communities during the second quarter valued at about $190,000. Spark Investment Management LLC purchased a new position in Century Communities during the first quarter valued at about $204,000. Finally, BlackRock Inc. raised its position in Century Communities by 1,332.3% in the second quarter. BlackRock Inc. now owns 13,650 shares of the company’s stock valued at $237,000 after buying an additional 12,697 shares during the last quarter. 61.14% of the stock is currently owned by hedge funds and other institutional investors.
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