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

Green Brick Partners (NASDAQ:GRBK) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31, Briefing.com reports. The business had revenue of $447.34 million during the quarter, compared to the consensus estimate of $440.44 million. Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share.

Green Brick Partners Stock Down 1.1 %

Shares of NASDAQ:GRBK traded down $0.62 during trading on Thursday, hitting $54.43. The company’s stock had a trading volume of 61,425 shares, compared to its average volume of 328,419. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94. Green Brick Partners has a fifty-two week low of $36.80 and a fifty-two week high of $61.62. The stock’s 50-day moving average price is $55.87 and its two-hundred day moving average price is $51.23. The company has a market capitalization of $2.45 billion, a PE ratio of 8.97 and a beta of 1.73.

Insider Buying and Selling

In other Green Brick Partners news, Director Richard S. Press purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the purchase, the director now owns 88,063 shares in the company, valued at approximately $4,565,185.92. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 44.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GRBK. StockNews.com downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Wedbush restated a “neutral” rating and set a $49.00 price objective on shares of Green Brick Partners in a research note on Thursday. Finally, B. Riley boosted their price objective on Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th.

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.