Wall Street brokerages predict that Green Brick Partners Inc (NASDAQ:GRBK) will post $0.24 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Green Brick Partners’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.21. Green Brick Partners posted earnings of $0.41 per share in the same quarter last year, which would suggest a negative year over year growth rate of 41.5%. The firm is expected to issue its next earnings results on Monday, August 5th.

On average, analysts expect that Green Brick Partners will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.97 to $1.12. For the next fiscal year, analysts anticipate that the business will post earnings of $1.14 per share, with EPS estimates ranging from $1.09 to $1.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Green Brick Partners.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Green Brick Partners had a return on equity of 14.21% and a net margin of 8.05%. The business had revenue of $168.63 million during the quarter, compared to analyst estimates of $157.51 million.

A number of equities analysts have issued reports on the company. BidaskClub lowered Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. TheStreet raised Green Brick Partners from a “c” rating to a “b-” rating in a research note on Tuesday, March 5th. Citigroup increased their price target on Green Brick Partners from $9.00 to $10.50 and gave the company a “buy” rating in a research note on Friday, March 8th. Finally, JMP Securities reaffirmed a “buy” rating and set a $11.50 price target on shares of Green Brick Partners in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.57.

In related news, Director Harry Brandler acquired 6,021 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $9.21 per share, for a total transaction of $55,453.41. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John R. Farris acquired 20,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were bought at an average price of $8.70 per share, with a total value of $174,000.00. Following the transaction, the director now directly owns 93,570 shares in the company, valued at approximately $814,059. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 45,197 shares of company stock valued at $404,723. 52.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of Green Brick Partners by 4.7% during the 1st quarter. Wells Fargo & Company MN now owns 41,022 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 1,843 shares during the last quarter. Zebra Capital Management LLC lifted its position in shares of Green Brick Partners by 7.0% during the 1st quarter. Zebra Capital Management LLC now owns 51,787 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 3,375 shares during the last quarter. Northern Trust Corp lifted its position in shares of Green Brick Partners by 1.3% during the 1st quarter. Northern Trust Corp now owns 269,602 shares of the financial services provider’s stock valued at $2,359,000 after acquiring an additional 3,421 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Green Brick Partners by 529.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,134 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 4,318 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Green Brick Partners by 8.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 57,548 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 4,468 shares during the last quarter. Institutional investors own 81.15% of the company’s stock.

Shares of GRBK stock opened at $8.85 on Friday. Green Brick Partners has a 12-month low of $6.65 and a 12-month high of $12.50. The company has a market capitalization of $440.37 million, a P/E ratio of 6.53 and a beta of 1.65.

About Green Brick Partners

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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