Green Brick Partners (GRBK) Set to Announce Earnings on Wednesday

Green Brick Partners (NASDAQ:GRBK) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Green Brick Partners to post earnings of $1.50 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Friday, March 1st. The financial services provider reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.09). Green Brick Partners had a net margin of 16.01% and a return on equity of 24.19%. The business had revenue of $450.38 million for the quarter, compared to the consensus estimate of $478.10 million. During the same quarter last year, the business posted $1.18 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts expect Green Brick Partners to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $56.26 on Tuesday. Green Brick Partners has a twelve month low of $35.62 and a twelve month high of $61.62. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $55.85 and a 200-day moving average of $50.99. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 9.16 and a beta of 1.71.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. B. Riley raised their price objective on shares of Green Brick Partners from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Wedbush restated a “neutral” rating and set a $45.00 price objective on shares of Green Brick Partners in a research report on Friday, March 1st. Finally, StockNews.com cut shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th.

Insider Transactions at Green Brick Partners

In related news, Director Richard S. Press purchased 1,000 shares of Green Brick Partners stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $51.84 per share, with a total value of $51,840.00. Following the completion of the transaction, the director now directly owns 88,063 shares of the company’s stock, valued at $4,565,185.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.40% of the stock is owned by insiders.

About Green Brick Partners

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.