Green Brick Partners (NASDAQ:GRBK) announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06, Fidelity Earnings reports. Green Brick Partners had a net margin of 7.51% and a return on equity of 12.05%. The business had revenue of $209.40 million for the quarter, compared to analyst estimates of $174.00 million.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
GRBK stock traded down $0.17 during trading on Friday, reaching $11.51. 134,400 shares of the company were exchanged, compared to its average volume of 95,010. Green Brick Partners has a 52-week low of $6.65 and a 52-week high of $11.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.80 and a current ratio of 8.93. The stock’s 50 day moving average price is $10.47 and its 200 day moving average price is $9.60. The company has a market cap of $589.70 million, a P/E ratio of 8.40 and a beta of 1.28.
In other Green Brick Partners news, CAO Summer Loveland sold 5,300 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.63, for a total value of $56,339.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,209 shares in the company, valued at $55,371.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kathleen Olsen sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $11.27, for a total transaction of $45,080.00. Following the completion of the transaction, the director now owns 57,164 shares of the company’s stock, valued at $644,238.28. The disclosure for this sale can be found here. Company insiders own 52.40% of the company’s stock.
Several brokerages recently commented on GRBK. TheStreet lowered shares of Green Brick Partners from a “b-” rating to a “c” rating in a research note on Monday, August 26th. Zacks Investment Research upgraded shares of Green Brick Partners from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday. BTIG Research upgraded shares of Green Brick Partners from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Monday, September 23rd. Finally, BidaskClub upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $10.57.
Green Brick Partners Company Profile
Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.
Further Reading: LIBOR