Wall Street analysts expect that Green Brick Partners, Inc. (NASDAQ:GRBK) will announce $225.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Green Brick Partners’ earnings, with estimates ranging from $220.00 million to $231.36 million. Green Brick Partners posted sales of $213.27 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The firm is expected to report its next quarterly earnings results on Monday, May 10th.
According to Zacks, analysts expect that Green Brick Partners will report full year sales of $1.28 billion for the current fiscal year, with estimates ranging from $1.25 billion to $1.32 billion. For the next fiscal year, analysts expect that the business will report sales of $1.42 billion, with estimates ranging from $1.40 billion to $1.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Green Brick Partners.
Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Tuesday, March 9th. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The firm had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $256.20 million. Green Brick Partners had a return on equity of 17.50% and a net margin of 10.54%.
In other news, Director David Einhorn bought 850,000 shares of the firm’s stock in a transaction dated Monday, January 25th. The stock was bought at an average price of $20.55 per share, for a total transaction of $17,467,500.00. Following the transaction, the director now owns 8,922 shares in the company, valued at $183,347.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard S. Press bought 10,000 shares of the firm’s stock in a transaction dated Thursday, March 11th. The stock was purchased at an average price of $22.00 per share, with a total value of $220,000.00. Following the transaction, the director now owns 96,281 shares in the company, valued at approximately $2,118,182. The disclosure for this purchase can be found here. 53.10% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its position in Green Brick Partners by 9.6% during the 4th quarter. Lazard Asset Management LLC now owns 7,957 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 700 shares during the period. Captrust Financial Advisors boosted its position in Green Brick Partners by 6.2% during the 4th quarter. Captrust Financial Advisors now owns 14,686 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 851 shares during the period. California Public Employees Retirement System boosted its position in Green Brick Partners by 2.8% during the 3rd quarter. California Public Employees Retirement System now owns 54,160 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 1,500 shares during the period. Cubist Systematic Strategies LLC boosted its position in Green Brick Partners by 6.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 29,284 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 1,892 shares during the period. Finally, Aperio Group LLC boosted its position in Green Brick Partners by 3.4% during the 4th quarter. Aperio Group LLC now owns 59,203 shares of the financial services provider’s stock valued at $1,359,000 after purchasing an additional 1,960 shares during the period. Institutional investors and hedge funds own 84.75% of the company’s stock.
Shares of NASDAQ:GRBK traded down $0.89 during mid-day trading on Monday, hitting $24.36. 8,171 shares of the company traded hands, compared to its average volume of 990,246. The firm has a market cap of $1.23 billion, a P/E ratio of 12.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.29 and a current ratio of 4.22. Green Brick Partners has a 52-week low of $6.78 and a 52-week high of $27.40. The firm’s 50 day simple moving average is $21.56 and its 200 day simple moving average is $20.95.
About Green Brick Partners
Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in three segments: Builder operations Central, Builder operations Southeast, and Land development. 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 semi-custom homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.
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