WCI Communities Inc (WCIC) Releases Earnings Results, Beats Expectations By $0.05 EPS

WCI Communities Inc (WCIC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.30. The company posted revenue of $167.40 million in the period, compared to analysts expectations of $158.74 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on WCI Communities Inc. WCI Communities Inc was Initiated by Sidoti to “Buy” on May 20, 2016.

WCI Communities Inc closed down -0.21 points or -1.20% at $17.25 with 1,21,370 shares getting traded on Thursday. Post opening the session at $17.59, the shares hit an intraday low of $17.24 and an intraday high of $17.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 24, 2015, Reinaldo L Mesa (officer ) sold 2,000 shares at $24.37 per share price. According to the SEC, on Aug 10, 2015, Keith E Bass (PRESIDENT & CEO) sold 12,500 shares at $24.00 per share price. On Aug 4, 2015, Russell Devendorf (SVP AND CFO) sold 4,500 shares at $25.13 per share price, according to the Form-4 filing with the securities and exchange commission.

WCI Communities Inc. is a lifestyle community developer and luxury homebuilder of single- and multi-family homes. The Company’s business is organized into three operating segments: Homebuilding which designs sells and builds homes across a range of price points and sizes; Real Estate Services which operates a real estate brokerage business under the Berkshire Hathaway HomeServices brand and title services and Amenities which includes the construction ownership and management of recreational amenities in residential communities that it develops. Amenities consist of golf courses and country clubs marinas and resort-style facilities.

WCI Communities Inc

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