Green Brick Partners, Inc. to Post Q2 2022 Earnings of $1.26 Per Share, B. Riley Forecasts (NASDAQ:GRBK)

Green Brick Partners, Inc. (NASDAQ:GRBKGet Rating) – Equities research analysts at B. Riley increased their Q2 2022 earnings per share estimates for shares of Green Brick Partners in a report issued on Thursday, May 5th. B. Riley analyst A. Rygiel now expects that the financial services provider will earn $1.26 per share for the quarter, up from their previous estimate of $1.07. B. Riley currently has a “Buy” rating and a $25.00 target price on the stock. B. Riley also issued estimates for Green Brick Partners’ Q3 2022 earnings at $1.16 EPS, Q4 2022 earnings at $1.28 EPS and FY2023 earnings at $5.12 EPS.

Green Brick Partners (NASDAQ:GRBKGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.35. Green Brick Partners had a return on equity of 28.76% and a net margin of 14.46%. During the same quarter last year, the company posted $0.51 earnings per share.

GRBK has been the subject of a number of other research reports. StockNews.com assumed coverage on Green Brick Partners in a research note on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. cut their price target on Green Brick Partners from $20.00 to $18.50 and set an “underweight” rating for the company in a research note on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $27.38.

NASDAQ GRBK opened at $21.72 on Friday. The stock has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $24.19. The firm has a market capitalization of $1.07 billion, a P/E ratio of 4.64 and a beta of 1.42. Green Brick Partners has a fifty-two week low of $18.75 and a fifty-two week high of $32.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 7.95.

A number of large investors have recently bought and sold shares of GRBK. Raymond James & Associates increased its stake in Green Brick Partners by 9.1% during the 3rd quarter. Raymond James & Associates now owns 21,272 shares of the financial services provider’s stock worth $437,000 after buying an additional 1,774 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Green Brick Partners by 1,146.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 127,258 shares of the financial services provider’s stock worth $2,611,000 after buying an additional 117,048 shares in the last quarter. M&G Investment Management Ltd. increased its stake in Green Brick Partners by 422.1% during the 3rd quarter. M&G Investment Management Ltd. now owns 136,703 shares of the financial services provider’s stock worth $2,871,000 after buying an additional 110,520 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Green Brick Partners by 6.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 12,575 shares of the financial services provider’s stock worth $258,000 after buying an additional 775 shares in the last quarter. Finally, R.P. Boggs & Co. increased its stake in Green Brick Partners by 4.3% during the 3rd quarter. R.P. Boggs & Co. now owns 443,410 shares of the financial services provider’s stock worth $9,099,000 after buying an additional 18,111 shares in the last quarter. Institutional investors own 83.70% of the company’s stock.

Green Brick Partners Company Profile (Get Rating)

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities.

Further Reading

Earnings History and Estimates for Green Brick Partners (NASDAQ:GRBK)

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