Green Brick Partners (NASDAQ:GRBK) Announces Quarterly Earnings Results

Green Brick Partners (NASDAQ:GRBK) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.31, Briefing.com reports. The company had revenue of $447.34 million during the quarter, compared to analysts’ expectations of $440.44 million. Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share.

Green Brick Partners Price Performance

NASDAQ:GRBK traded up $0.02 on Thursday, reaching $55.07. The stock had a trading volume of 104,144 shares, compared to its average volume of 328,854. The company has a market capitalization of $2.48 billion, a P/E ratio of 8.97 and a beta of 1.73. The stock has a fifty day moving average price of $55.87 and a 200-day moving average price of $51.23. The company has a quick ratio of 1.44, a current ratio of 8.94 and a debt-to-equity ratio of 0.26. Green Brick Partners has a 1-year low of $36.80 and a 1-year high of $61.62.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GRBK. Wedbush restated a “neutral” rating and issued a $49.00 price objective on shares of Green Brick Partners in a research note on Thursday. B. Riley increased their target price on Green Brick Partners from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Finally, StockNews.com cut Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th.

Insider Buying and Selling at Green Brick Partners

In related news, Director Richard S. Press acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the transaction, the director now directly owns 88,063 shares of the company’s stock, valued at approximately $4,565,185.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 44.40% of the company’s stock.

Green Brick Partners Company Profile

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.