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B. Riley Downgrades Century Communities to Neutral From Buy, Cuts Price Target to $64 From $75
B. Riley Downgrades Century Communities to Neutral From Buy, Cuts Price Target to $64 From $75
$CCS
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B. Riley Downgrades Century Communities to Neutral From Buy, Cuts Price Target to $64 From $75
Century Communities (CCS) reported Q1 adjusted earnings late Wednesday of $0.88 per diluted share, down from $1.39 a year earlier.Three analysts polled by FactSet expected $0.59.Revenue for the three months ended March 31 fell to $789.7 million from $903.2 million a year earlier.Four analysts surveyed by FactSet expected $807.7 million.