Green Brick Partners (GRBK) to Release Earnings on Wednesday

Green Brick Partners (NASDAQ:GRBK) will be posting 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 interested in registering for the company’s earnings conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Friday, March 1st. The financial services provider reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $450.38 million during the quarter, compared to analysts’ expectations of $478.10 million. During the same period in the previous year, the firm posted $1.18 EPS. The firm’s quarterly revenue 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 Up 1.2 %

GRBK opened at $56.26 on Tuesday. Green Brick Partners has a fifty-two week low of $35.62 and a fifty-two week high of $61.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94. The company has a fifty day moving average of $55.85 and a two-hundred day moving average of $50.99. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 9.16 and a beta of 1.71.

Insider Transactions at Green Brick Partners

In related news, Director Richard S. Press bought 1,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of $51.84 per share, with a total value of $51,840.00. Following the completion of the purchase, the director now directly owns 88,063 shares of the company’s stock, valued at $4,565,185.92. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 44.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Green Brick Partners in a report on Friday, March 1st. B. Riley boosted their target price on shares of Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, StockNews.com cut shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th.

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.