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

Green Brick Partners (NASDAQ:GRBK) announced its earnings results on Wednesday. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.31, Briefing.com reports. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The company had revenue of $447.34 million for the quarter, compared to analyst estimates of $440.44 million. During the same period in the prior year, the business earned $1.37 earnings per share. Green Brick Partners’s quarterly revenue was down 1.0% on a year-over-year basis.

Green Brick Partners Stock Up 2.9 %

Shares of NASDAQ:GRBK opened at $56.64 on Friday. Green Brick Partners has a 52 week low of $37.31 and a 52 week high of $61.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.44 and a current ratio of 8.70. The company has a market capitalization of $2.54 billion, a PE ratio of 8.35 and a beta of 1.73. The company has a 50 day moving average price of $55.84 and a two-hundred day moving average price of $51.37.

Insider Buying and Selling at Green Brick Partners

In related news, Director Richard S. Press acquired 1,000 shares of the stock in a transaction dated Friday, March 8th. The stock was bought at an average price of $52.41 per share, with a total value of $52,410.00. Following the completion of the transaction, the director now directly owns 87,063 shares of the company’s stock, valued at $4,562,971.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 44.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GRBK. StockNews.com downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th. Wedbush reissued a “neutral” rating and set a $49.00 price target on shares of Green Brick Partners in a research note on Thursday. Finally, B. Riley boosted their price target on shares of Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday.

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.