Green Brick Partners (NASDAQ:GRBK) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Green Brick Partners (NASDAQ:GRBK) announced its earnings results on Wednesday. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.08), Briefing.com reports. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter last year, the firm earned $1.77 earnings per share. The company’s revenue was down 10.2% compared to the same quarter last year.

Green Brick Partners Price Performance

GRBK traded up $0.60 during midday trading on Thursday, reaching $63.52. 17,620 shares of the company’s stock were exchanged, compared to its average volume of 263,073. Green Brick Partners has a 1-year low of $59.12 and a 1-year high of $83.18. The stock has a market capitalization of $2.73 billion, a PE ratio of 8.28 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The business’s 50-day moving average price is $67.13 and its 200 day moving average price is $69.70.

About Green Brick Partners

Green Brick Partners, Inc is a residential homebuilder and land development company that acquires and develops residential lots and builds homes for a range of buyers. Its operations include planning and developing master-planned communities, constructing single-family homes and townhomes, and providing related services through affiliated businesses.

The company operates primarily in the Dallas-Fort Worth and Atlanta metropolitan areas, as well as Florida’s Treasure Coast. Green Brick markets homes through several regional brands, including Southgate Homes, Normandy Homes, Trophy Signature Homes, CB JENI Homes and Centre Living Homes.