Wedbush Research Analysts Raise Earnings Estimates for GRBK

Green Brick Partners, Inc. (NASDAQ:GRBK) – Equities researchers at Wedbush increased their Q4 2024 earnings estimates for Green Brick Partners in a note issued to investors on Friday, November 1st. Wedbush analyst J. Mccanless now anticipates that the financial services provider will post earnings per share of $2.24 for the quarter, up from their prior estimate of $2.19. Wedbush has a “Neutral” rating and a $60.00 price objective on the stock. The consensus estimate for Green Brick Partners’ current full-year earnings is $8.35 per share. Wedbush also issued estimates for Green Brick Partners’ Q1 2025 earnings at $1.60 EPS, Q3 2025 earnings at $2.18 EPS, FY2025 earnings at $8.53 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $2.09 EPS, Q3 2026 earnings at $2.30 EPS and FY2026 earnings at $9.19 EPS.

Separately, B. Riley raised their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd.

Green Brick Partners Stock Performance

Shares of GRBK opened at $68.51 on Monday. The company has a current ratio of 7.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.05 billion, a PE ratio of 8.90 and a beta of 1.83. The company’s 50 day simple moving average is $78.37 and its 200-day simple moving average is $66.97. Green Brick Partners has a 12-month low of $42.10 and a 12-month high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). The business had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The business’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted $1.56 earnings per share.

Hedge Funds Weigh In On Green Brick Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of Green Brick Partners during the 3rd quarter worth $29,000. Blue Trust Inc. purchased a new stake in shares of Green Brick Partners during the 2nd quarter worth $48,000. GAMMA Investing LLC raised its stake in shares of Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after buying an additional 305 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Green Brick Partners by 1,000.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after buying an additional 2,000 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of Green Brick Partners during the 3rd quarter worth $209,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.