Green Brick Partners (NASDAQ:GRBK) Posts Earnings Results, Misses Estimates By $0.08 EPS

Green Brick Partners (NASDAQ:GRBK) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.08), Briefing.com reports. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter last year, the business posted $1.77 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock traded down $1.54 during trading on Friday, hitting $60.99. 168,864 shares of the stock traded hands, compared to its average volume of 264,349. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $66.95 and its 200-day moving average is $69.65. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 7.91 and a beta of 1.76. Green Brick Partners has a 52 week low of $59.12 and a 52 week high of $83.18.

Wall Street Analyst Weigh In

Separately, Zacks Research began coverage on Green Brick Partners in a report on Wednesday. They issued a “hold” rating for the company. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a residential homebuilder and land development company that acquires and develops residential lots and builds homes for a range of buyers. Its operations include planning and developing master-planned communities, constructing single-family homes and townhomes, and providing related services through affiliated businesses.

The company operates primarily in the Dallas-Fort Worth and Atlanta metropolitan areas, as well as Florida’s Treasure Coast. Green Brick markets homes through several regional brands, including Southgate Homes, Normandy Homes, Trophy Signature Homes, CB JENI Homes and Centre Living Homes.