Century Communities, Inc. (NYSE:CCS) Shares Will Pay Quarterly Dividend of $0.32

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.32 per share by the construction company on Wednesday, December 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, November 25th.

Century Communities has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Century Communities to earn $2.31 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 55.4%.

Century Communities Price Performance

NYSE:CCS opened at $57.18 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.42 and a quick ratio of 0.42. The business has a 50 day simple moving average of $59.52 and a 200-day simple moving average of $62.03. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.25 and a beta of 1.30. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.21). The firm had revenue of $864.47 million for the quarter, compared to the consensus estimate of $949.83 million. Century Communities had a net margin of 2.86% and a return on equity of 5.41%. The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. Equities analysts forecast that Century Communities will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CCS shares. Wall Street Zen lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. B. Riley Financial reduced their price objective on shares of Century Communities from $64.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Finally, Weiss Ratings lowered shares of Century Communities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $63.00.

About Century Communities

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.