Green Brick Partners (NASDAQ:GRBK – Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.98 EPS 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 analysts’ expectations of $539.86 million. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 earnings per share.
Green Brick Partners Stock Down 9.9 %
NASDAQ:GRBK traded down $7.54 during midday trading on Thursday, reaching $68.61. 568,901 shares of the stock traded hands, compared to its average volume of 389,958. The business has a 50-day moving average of $78.73 and a two-hundred day moving average of $66.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. Green Brick Partners has a 12-month low of $37.31 and a 12-month high of $84.66. The stock has a market capitalization of $3.08 billion, a PE ratio of 10.20 and a beta of 1.80.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on GRBK shares. B. Riley increased their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wedbush reissued a “neutral” rating and set a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.
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.
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