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

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

Green Brick Partners (NASDAQ:GRBK) last released 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). Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The company had revenue of $450.38 million during the quarter, compared to analysts’ expectations of $478.10 million. During the same quarter in the prior year, the business posted $1.18 EPS. The company’s revenue was up 4.5% on a year-over-year basis. 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 Trading Up 4.5 %

Shares of GRBK stock opened at $54.79 on Wednesday. The company has a market cap of $2.46 billion, a PE ratio of 8.92 and a beta of 1.71. Green Brick Partners has a 1 year low of $35.62 and a 1 year high of $61.62. The stock’s 50 day simple moving average is $55.81 and its two-hundred day simple moving average is $50.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.94 and a quick ratio of 1.44.

Analyst Ratings Changes

A number of analysts recently issued reports on GRBK shares. 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. StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. Finally, Wedbush reiterated a “neutral” rating and set a $45.00 price target on shares of Green Brick Partners in a report on Friday, March 1st.

Insider Activity at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the transaction, the director now owns 88,063 shares in the company, valued at $4,565,185.92. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 44.40% of the stock is owned by company insiders.

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.