Green Brick Partners (NASDAQ:GRBK) Posts Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Green Brick Partners (NASDAQ:GRBK) released its quarterly earnings data on Wednesday. The financial services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.31, Briefing.com reports. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The business had revenue of $447.34 million during the quarter, compared to the consensus estimate of $440.44 million. During the same period in the prior year, the firm posted $1.37 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis.

Green Brick Partners Stock Up 2.9 %

Shares of NASDAQ:GRBK traded up $1.61 during midday trading on Friday, reaching $56.64. The company had a trading volume of 530,272 shares, compared to its average volume of 326,537. The stock has a market capitalization of $2.54 billion, a P/E ratio of 8.59 and a beta of 1.73. The stock’s fifty day moving average price is $55.84 and its 200-day moving average price is $51.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.70 and a quick ratio of 1.44. Green Brick Partners has a one year low of $37.31 and a one year high of $61.62.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of $52.41 per share, with a total value of $52,410.00. Following the transaction, the director now directly owns 87,063 shares in the company, valued at $4,562,971.83. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 44.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GRBK. StockNews.com lowered Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th. Wedbush reaffirmed a “neutral” rating and set a $49.00 price target on shares of Green Brick Partners in a report on Thursday. Finally, B. Riley lifted their target price on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday.

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.