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

Green Brick Partners (NASDAQ:GRBK) is set to issue 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The business had revenue of $447.34 million during the quarter, compared to analysts’ expectations of $440.44 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. 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 NASDAQ GRBK opened at $73.36 on Tuesday. Green Brick Partners has a twelve month low of $37.31 and a twelve month high of $77.22. 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 stock has a fifty day simple moving average of $59.38 and a 200-day simple moving average of $56.43. The stock has a market capitalization of $3.30 billion, a PE ratio of 11.13 and a beta of 1.80.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GRBK. Wedbush reaffirmed a “neutral” rating and issued a $49.00 price objective on shares of Green Brick Partners in a research note on Thursday, May 2nd. B. Riley boosted their target price on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd.

Insider Buying and Selling

In related news, Director David Einhorn sold 1,000,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the completion of the transaction, the director now directly owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David Einhorn sold 1,000,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the completion of the transaction, the director now directly owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Arthur Costello sold 40,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chief financial officer now directly 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 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.