Century CommunitiesNYSE: CCS

New model home to be unveiled at Liberty Bay Vista, now selling from the high $700s POULSBO, Wash. , Nov. 7, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—announced that it will host a model grand opening in early November at Liberty Bay Vista, the company's anticipated new community in Poulsbo, Washington.

Two-story floor plans now available at Pattison Place from the top U.S. builder OLYMPIA, Wash. , Oct. 30, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—announced that new homes are now selling at Pattison Place, the company's new community in Olympia, Washington.

I downgrade CCS from buy to hold due to a changing macro environment and the stock reaching my target price. Century Communities reported strong 3Q24 earnings with $1.137 billion in revenue and $2.59 adj EPS, but margins are compressing. Declining inflation and Fed rate cuts are reversing previous tailwinds, potentially reducing demand for CCS homes.

Century Communities (CCS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

National online homebuying leader reveals new homes at Solera III and Sundial at Bellevue Ranch MERCED, Calif. , Oct. 24, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—is excited to announce Grand Opening events at two new home communities in Merced, California: Sundial at Bellevue Ranch and Solera III.

Century Communities, Inc. (NYSE:CCS ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Tyler Langton - SVP, IR Dale Francescon - Chairman and Co-CEO Rob Francescon - Co-CEO and President Scott Dixon - CFO Conference Call Participants Carl Reichardt - BTIG Ken Zener - Seaport Research Partners Alex Rygiel - B. Riley FBR Alan Ratner - Zelman & Associates Jay McCanless - Wedbush Securities Andrew Azzi - JP Morgan Alex Barron - Housing Research Center Operator Greetings.

The headline numbers for Century Communities (CCS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Century Communities (CCS) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.55 per share. This compares to earnings of $2.58 per share a year ago.

- Home Sales Revenues of $1.1 Billion Increased 29% YoY - - Deliveries of 2,834 Homes Increased 25% YoY - - Net New Home Contracts of 2,563 Increased 19% YoY - - Community Count of 305, a Company Record, Increased 21% YoY -  GREENWOOD VILLAGE, Colo. , Oct. 23, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its third quarter ended September 30, 2024.