Analysts Expect Green Brick Partners, Inc. (NASDAQ:GRBK) to Announce $0.48 EPS
Analysts expect Green Brick Partners, Inc. (NASDAQ:GRBK) to report earnings per share (EPS) of $0.48 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Green Brick Partners’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.49. Green Brick Partners posted earnings of $0.31 per share in the same quarter last year, which indicates a positive year over year growth rate of 54.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 10th.
According to Zacks, analysts expect that Green Brick Partners will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.09. For the next year, analysts expect that the business will post earnings of $3.37 per share, with EPS estimates ranging from $3.05 to $3.69. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Green Brick Partners.
Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Tuesday, March 9th. The financial services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.05). Green Brick Partners had a net margin of 10.54% and a return on equity of 17.50%. The company had revenue of $254.10 million during the quarter, compared to the consensus estimate of $256.20 million.
In other Green Brick Partners news, Director Richard S. Press bought 10,000 shares of Green Brick Partners stock in a transaction dated Thursday, March 11th. The stock was bought at an average price of $22.00 per share, with a total value of $220,000.00. Following the completion of the transaction, the director now owns 96,281 shares in the company, valued at approximately $2,118,182. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Einhorn bought 850,000 shares of Green Brick Partners stock in a transaction dated Monday, January 25th. The stock was acquired at an average cost of $20.55 per share, with a total value of $17,467,500.00. Following the transaction, the director now owns 8,922 shares of the company’s stock, valued at approximately $183,347.10. The disclosure for this purchase can be found here. 53.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GRBK. BlackRock Inc. lifted its position in Green Brick Partners by 47.2% during the third quarter. BlackRock Inc. now owns 3,056,608 shares of the financial services provider’s stock worth $49,209,000 after purchasing an additional 980,048 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Green Brick Partners by 353.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 264,702 shares of the financial services provider’s stock worth $4,262,000 after purchasing an additional 206,374 shares during the period. Wells Fargo & Company MN lifted its position in Green Brick Partners by 161.4% during the fourth quarter. Wells Fargo & Company MN now owns 272,519 shares of the financial services provider’s stock worth $6,257,000 after purchasing an additional 168,255 shares during the period. Morgan Stanley lifted its position in Green Brick Partners by 157.0% during the fourth quarter. Morgan Stanley now owns 205,357 shares of the financial services provider’s stock worth $4,716,000 after purchasing an additional 125,458 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Green Brick Partners by 7,160.0% during the third quarter. Great West Life Assurance Co. Can now owns 120,662 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 119,000 shares during the period. 84.75% of the stock is owned by institutional investors and hedge funds.
Shares of GRBK stock traded down $0.89 during trading on Friday, reaching $24.36. The company’s stock had a trading volume of 8,171 shares, compared to its average volume of 990,246. The business has a fifty day moving average price of $21.56 and a 200-day moving average price of $20.95. The company has a quick ratio of 0.29, a current ratio of 4.22 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 12.33 and a beta of 1.35. Green Brick Partners has a one year low of $6.78 and a one year high of $27.40.
Green Brick Partners Company Profile
Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in three segments: Builder operations Central, Builder operations Southeast, and Land development. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury semi-custom homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.
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