Green Brick Partners (NASDAQ:GRBK) Issues Earnings Results, Beats Estimates By $0.31 EPS

Green Brick Partners (NASDAQ:GRBK) issued its earnings results on Wednesday. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31, Briefing.com reports. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter last year, the business earned $1.85 EPS. Green Brick Partners’s revenue was down 10.1% compared to the same quarter last year.

Green Brick Partners Stock Performance

Shares of GRBK opened at $71.44 on Thursday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 9.28 and a beta of 1.79. Green Brick Partners has a 52 week low of $60.44 and a 52 week high of $83.18. The stock has a 50 day moving average price of $72.59 and a two-hundred day moving average price of $70.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Wall Street Analysts Forecast Growth

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Polen Capital Management LLC bought a new position in Green Brick Partners during the 4th quarter valued at $409,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Green Brick Partners in the 4th quarter worth $324,000. Quantinno Capital Management LP purchased a new stake in shares of Green Brick Partners in the second quarter valued at about $307,000. Vident Advisory LLC purchased a new stake in shares of Green Brick Partners in the third quarter valued at about $304,000. Finally, Schroder Investment Management Group bought a new position in shares of Green Brick Partners during the third quarter valued at about $295,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single?family detached homes, townhomes and multi?family rental communities. Green Brick Partners also offers master?planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.