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

Green Brick Partners (NASDAQ:GRBK) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Green Brick Partners to post earnings of $2.08 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.55. The company had revenue of $560.63 million for the quarter, compared to analyst estimates of $501.51 million. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. Green Brick Partners’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 earnings per share. On average, analysts expect Green Brick Partners to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Green Brick Partners Trading Down 1.1 %

Shares of GRBK opened at $74.96 on Monday. The business’s 50-day moving average price is $78.58 and its 200 day moving average price is $66.41. The company has a current ratio of 8.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.37 billion, a P/E ratio of 11.37 and a beta of 1.80. Green Brick Partners has a 1-year low of $37.31 and a 1-year high of $84.66.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GRBK. Wedbush restated a “neutral” rating and set a $60.00 price target (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley raised their target price on Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.