Green Brick Partners (NASDAQ:GRBK) Announces Quarterly Earnings Results

Green Brick Partners (NASDAQ:GRBK) issued its quarterly earnings data on Thursday. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06, Fidelity Earnings reports. The firm had revenue of $209.40 million during the quarter, compared to the consensus estimate of $174.00 million. Green Brick Partners had a net margin of 7.66% and a return on equity of 12.60%.

Shares of GRBK traded up $0.43 during mid-day trading on Friday, hitting $10.33. 215,800 shares of the company’s stock were exchanged, compared to its average volume of 74,158. Green Brick Partners has a 52 week low of $6.65 and a 52 week high of $10.99. The company has a quick ratio of 0.80, a current ratio of 8.93 and a debt-to-equity ratio of 0.47. The firm has a market cap of $500.96 million, a price-to-earnings ratio of 7.54 and a beta of 1.28. The stock’s 50-day simple moving average is $10.41 and its 200-day simple moving average is $9.53.

In other Green Brick Partners news, CAO Summer Loveland sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.63, for a total value of $56,339.00. Following the sale, the chief accounting officer now owns 5,209 shares in the company, valued at $55,371.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 52.40% of the company’s stock.

Several brokerages have issued reports on GRBK. TheStreet downgraded shares of Green Brick Partners from a “b-” rating to a “c” rating in a research report on Monday, August 26th. Zacks Investment Research downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BidaskClub downgraded shares of Green Brick Partners from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, BTIG Research upgraded shares of Green Brick Partners from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Green Brick Partners has a consensus rating of “Hold” and a consensus target price of $10.43.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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Earnings History for Green Brick Partners (NASDAQ:GRBK)

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