Green Brick Partners (GRBK) Set to Announce Quarterly Earnings on Wednesday

Green Brick Partners (NASDAQ:GRBK) will be issuing its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $1.75 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.31. The business had revenue of $447.34 million for the quarter, compared to analyst estimates of $440.44 million. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. On average, analysts expect Green Brick Partners to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Green Brick Partners Trading Down 1.9 %

Shares of GRBK opened at $73.36 on Tuesday. The company has a current ratio of 8.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.30 billion, a P/E ratio of 11.13 and a beta of 1.80. The stock’s fifty day simple moving average is $59.38 and its 200 day simple moving average is $56.43. Green Brick Partners has a twelve month low of $37.31 and a twelve month high of $77.22.

Wall Street Analyst Weigh In

GRBK has been the topic of several research reports. B. Riley increased 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, May 3rd. Wedbush reissued a “neutral” rating and issued a $49.00 price objective on shares of Green Brick Partners in a research report on Thursday, May 2nd.

Insider Buying and Selling at Green Brick Partners

In related news, Director Richard S. Press acquired 1,474 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $57.44 per share, with a total value of $84,666.56. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $57,440. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Green Brick Partners news, Director Richard S. Press bought 1,474 shares of the stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $57.44 per share, for a total transaction of $84,666.56. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $57,440. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Arthur Costello sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chief financial officer now owns 52,116 shares of the company’s stock, valued at $2,958,625.32. The disclosure for this sale can be found here. 44.40% of the stock is currently owned by corporate insiders.

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.