Green Brick Partners (NASDAQ:GRBK) Releases Earnings Results, Misses Expectations By $0.10 EPS

Green Brick Partners (NASDAQ:GRBK) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.10), Briefing.com reports. The firm had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 26.06%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 EPS.

Green Brick Partners Price Performance

GRBK traded down $1.51 during midday trading on Friday, hitting $67.50. The company had a trading volume of 205,048 shares, compared to its average volume of 391,023. Green Brick Partners has a twelve month low of $42.10 and a twelve month high of $84.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. The firm’s 50-day simple moving average is $78.73 and its 200-day simple moving average is $66.76. The company has a market capitalization of $3.00 billion, a PE ratio of 9.89 and a beta of 1.80.

Wall Street Analysts Forecast Growth

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

Green Brick Partners Company Profile

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.