Green Brick Partners (NASDAQ:GRBK) issued its quarterly earnings data on Thursday. The financial services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06, Fidelity Earnings reports. Green Brick Partners had a net margin of 7.66% and a return on equity of 12.60%. The firm had revenue of $209.40 million for the quarter, compared to analysts’ expectations of $174.00 million.
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NASDAQ GRBK traded up $0.43 on Friday, reaching $10.33. 215,800 shares of the stock were exchanged, compared to its average volume of 74,158. The company has a current ratio of 8.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The company’s 50-day simple moving average is $10.41 and its two-hundred day simple moving average is $9.53. The firm has a market capitalization of $500.96 million, a PE ratio of 7.54 and a beta of 1.28. Green Brick Partners has a one year low of $6.65 and a one year high of $10.99.
In other Green Brick Partners news, CAO Summer Loveland sold 5,300 shares of Green Brick Partners stock in a transaction on Monday, September 30th. The shares were sold at an average price of $10.63, for a total transaction of $56,339.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,209 shares of the company’s stock, valued at $55,371.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 52.40% of the stock is owned by insiders.
A number of equities research analysts have commented on the stock. TheStreet cut shares of Green Brick Partners from a “b-” rating to a “c” rating in a research note on Monday, August 26th. BTIG Research upgraded shares of Green Brick Partners from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, September 23rd. Zacks Investment Research cut shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, BidaskClub cut shares of Green Brick Partners from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.43.
About Green Brick Partners
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.