Green Brick Partners (GRBK) Scheduled to Post Quarterly Earnings on Wednesday

Green Brick Partners (NASDAQ:GRBK) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.50 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Friday, March 1st. The financial services provider reported $1.58 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.09). The business had revenue of $450.38 million during the quarter, compared to analyst estimates of $478.10 million. Green Brick Partners had a net margin of 16.01% and a return on equity of 24.19%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. 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 2.1 %

Shares of NASDAQ:GRBK opened at $55.59 on Monday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 9.05 and a beta of 1.71. Green Brick Partners has a 12-month low of $35.62 and a 12-month high of $61.62. The business has a 50-day moving average price of $55.85 and a 200 day moving average price of $50.92. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

GRBK has been the topic of a number of research analyst reports. Wedbush reissued a “neutral” rating and issued a $45.00 price target on shares of Green Brick Partners in a research note on Friday, March 1st. StockNews.com lowered Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Finally, B. Riley raised their price target on Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th.

Insiders Place Their Bets

In other Green Brick Partners news, Director Richard S. Press acquired 1,000 shares of the 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 owns 88,063 shares in the company, valued at approximately $4,565,185.92. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 44.40% of the company’s stock.

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.