Green Brick Partners (GRBK) to Release Quarterly Earnings on Wednesday

Green Brick Partners (NASDAQ:GRBK - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Green Brick Partners to post earnings of $1.50 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Friday, March 1st. The financial services provider reported $1.58 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $450.38 million during the quarter, compared to analysts' expectations of $478.10 million. During the same period in the prior year, the business posted $1.18 EPS. The business's revenue was up 4.5% on a year-over-year basis. 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 Trading Down 0.6 %

Shares of GRBK stock traded down $0.34 during mid-day trading on Wednesday, reaching $54.31. The company's stock had a trading volume of 184,895 shares, compared to its average volume of 330,453. The company's 50 day simple moving average is $55.84 and its 200-day simple moving average is $50.70. Green Brick Partners has a 12-month low of $35.62 and a 12-month 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 firm has a market capitalization of $2.44 billion, a PE ratio of 8.86 and a beta of 1.71.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wedbush reissued a "neutral" rating and issued a $45.00 target price on shares of Green Brick Partners in a research note on Friday, March 1st. StockNews.com downgraded shares of Green Brick Partners from a "buy" rating to a "hold" rating in a research note on Sunday, March 17th. Finally, B. Riley lifted their price target on shares of Green Brick Partners from $55.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, March 4th.

Insider Buying and Selling

In related news, Director Richard S. Press bought 1,000 shares of the company's stock in a transaction dated Monday, March 11th. The stock was bought 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. 44.40% of the stock is currently owned by insiders.

Green Brick Partners Company Profile

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.