Century Communities, Inc (NYSE:CCS) shares rose 7.2% on Wednesday following a better than expected earnings announcement. The stock traded as high as $33.45 and last traded at $31.40. Approximately 603,435 shares traded hands during trading, an increase of 83% from the average daily volume of 329,237 shares. The stock had previously closed at $29.30.
The construction company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.40. The business had revenue of $518.79 million for the quarter, compared to analysts’ expectations of $507.29 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%.
CCS has been the topic of a number of research analyst reports. Wedbush increased their target price on Century Communities from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. B. Riley reissued a “buy” rating and issued a $41.00 target price on shares of Century Communities in a research note on Wednesday, January 3rd. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $35.17.
The firm has a market capitalization of $798.24, a P/E ratio of 14.50 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2018/02/15/century-communities-ccs-stock-price-up-7-2-following-better-than-expected-earnings.html.
About Century Communities
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.
Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.