Green Brick Partners (NASDAQ:GRBK – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.31, Briefing.com reports. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The firm had revenue of $447.34 million during the quarter, compared to the consensus estimate of $440.44 million. During the same quarter last year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis.
Green Brick Partners Trading Up 2.9 %
Shares of GRBK traded up $1.61 during mid-day trading on Friday, reaching $56.64. The company had a trading volume of 530,272 shares, compared to its average volume of 326,537. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 8.35 and a beta of 1.73. The company has a current ratio of 8.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $55.84 and a 200-day simple moving average of $51.37. Green Brick Partners has a fifty-two week low of $37.31 and a fifty-two week high of $61.62.
Insider Activity at Green Brick Partners
In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of Green Brick Partners stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the purchase, the director now owns 88,063 shares in the company, valued at approximately $4,565,185.92. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 44.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Green Brick Partners
Green Brick Partners Company Profile
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.
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