Green Brick Partners (NASDAQ:GRBK) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Green Brick Partners (NASDAQ:GRBK) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09), Briefing.com reports. Green Brick Partners had a return on equity of 26.06% and a net margin of 17.70%. The firm had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. During the same quarter in the prior year, the business earned $1.56 EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis.

Green Brick Partners Stock Down 0.9 %

Shares of NASDAQ GRBK opened at $68.39 on Friday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 8.88 and a beta of 1.80. Green Brick Partners has a 52 week low of $42.10 and a 52 week high of $84.66. The firm has a 50-day moving average price of $78.60 and a 200 day moving average price of $66.78. The company has a quick ratio of 0.87, a current ratio of 8.28 and a debt-to-equity ratio of 0.22.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GRBK shares. B. Riley boosted their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Wedbush restated a “neutral” rating and set a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th.

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.