Green Brick Partners (GRBK) Issues Q4 Earnings Guidance

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Green Brick Partners (NASDAQ:GRBK) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $0.33-0.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32.

A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Green Brick Partners from a hold rating to a buy rating in a research note on Saturday, October 13th. Credit Suisse Group assumed coverage on shares of Green Brick Partners in a research note on Friday, August 24th. They issued a neutral rating and a $9.00 target price on the stock. Citigroup set a $11.00 target price on shares of Green Brick Partners and gave the company a buy rating in a research note on Thursday, November 8th. TheStreet lowered shares of Green Brick Partners from a b rating to a c+ rating in a research note on Wednesday, November 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Green Brick Partners in a research note on Tuesday, December 11th. They issued a neutral rating and a $9.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $10.00.

NASDAQ:GRBK opened at $7.30 on Wednesday. Green Brick Partners has a 1 year low of $7.24 and a 1 year high of $12.50. The firm has a market capitalization of $399.17 million, a P/E ratio of 10.58 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Green Brick Partners had a net margin of 5.28% and a return on equity of 14.02%. The firm had revenue of $149.99 million during the quarter. Equities analysts anticipate that Green Brick Partners will post 1.08 earnings per share for the current fiscal year.

In related news, Director Elizabeth Blake purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $8.86 per share, for a total transaction of $132,900.00. Following the transaction, the director now directly owns 138,366 shares of the company’s stock, valued at approximately $1,225,922.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 52.00% of the company’s stock.

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About Green Brick Partners

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

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