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

Green Brick Partners (NASDAQ:GRBK) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.08 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.55. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. The firm had revenue of $560.63 million for the quarter, compared to analysts’ expectations of $501.51 million. During the same period in the prior year, the business posted $1.63 earnings per share. The business’s revenue was up 22.9% compared to the same quarter last year. On average, analysts expect Green Brick Partners to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Green Brick Partners Price Performance

Green Brick Partners stock opened at $76.09 on Wednesday. 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 has a market cap of $3.42 billion, a P/E ratio of 11.55 and a beta of 1.80. The business’s fifty day moving average is $78.28 and its two-hundred day moving average is $66.03. Green Brick Partners has a 52 week low of $37.31 and a 52 week high of $84.66.

Analyst Upgrades and Downgrades

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

About Green Brick Partners

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.