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

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

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

Shares of NASDAQ GRBK opened at $54.79 on Wednesday. The firm’s fifty day moving average is $55.81 and its 200 day moving average is $50.60. Green Brick Partners has a 52 week low of $35.62 and a 52 week high of $61.62. The company has a quick ratio of 1.44, a current ratio of 8.94 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 8.92 and a beta of 1.71.

Insiders Place Their Bets

In other news, Director Richard S. Press bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of $51.84 per share, with a total value of $51,840.00. Following the transaction, the director now owns 88,063 shares of the company’s stock, valued at $4,565,185.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 44.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GRBK. StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. B. Riley lifted their price objective 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. Finally, Wedbush reiterated a “neutral” rating and issued a $45.00 price target on shares of Green Brick Partners in a report on Friday, March 1st.

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.