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

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

Green Brick Partners Trading Down 1.7%

Shares of GRBK traded down $1.09 during trading hours on Wednesday, reaching $62.99. The stock had a trading volume of 424,663 shares, compared to its average volume of 264,330. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners has a 52 week low of $59.12 and a 52 week high of $83.18. The firm has a 50-day moving average of $67.13 and a 200 day moving average of $69.70. The company has a market cap of $2.71 billion, a P/E ratio of 8.18 and a beta of 1.76.

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.