Zacks: Brokerages expect Green Brick Partners, Inc. (NASDAQ:GRBK) to post earnings per share of $1.09
Wall Street brokers expect Green Brick Partners, Inc. (NASDAQ:GRBK) to report earnings of $1.09 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Green Brick Partners, with the highest EPS estimate of $1.16 and the lowest estimate of $1.04. Green Brick Partners reported earnings per share of $0.58 in the same quarter last year, suggesting a positive year-over-year growth rate of 87.9%. The company is expected to release its next earnings report on Monday, March 14.
On average, analysts expect Green Brick Partners to report annual earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.53 to $3.64. For the next fiscal year, analysts expect the company to post earnings of $4.21 per share, with EPS estimates ranging from $4.09 to $4.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that provide coverage for Green Brick Partners.
Green Brick Partners Inc (NASDAQ:GRBK) last reported results on Monday, November 1. The financial services provider reported EPS of $0.95 for the quarter, missing Thomson Reuters consensus estimate of $1.05 per ($0.10). The company posted revenue of $342.34 million for the quarter, versus analyst estimates of $357.01 million. Green Brick Partners achieved a net margin of 12.95% and a return on equity of 21.97%. During the same period a year earlier, the company posted EPS of $0.68.
Several equity analysts have recently published reports on the stock. JPMorgan Chase & Co. moved shares of Green Brick Partners from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $32.00 to $28.00 in a research note from Thursday, October 14. Zacks Investment Research downgraded shares of Green Brick Partners from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a Wednesday, January 5 research note. . Wedbush assumed coverage for the shares of Green Brick Partners in a Monday, Dec. 6 research note. They issued an “outperform” rating and a price target of $33.00 on the stock. Finally, B. Riley lowered his price target on shares of Green Brick Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a Tuesday, October 12 research note. One equity research analyst gave the stock a hold rating and four gave the stock a buy rating. According to data from MarketBeat.com, Green Brick Partners currently has a consensus rating of “Buy” and an average price target of $32.00.
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Green Brick Partners stock traded down $0.77 during trading hours on Friday, hitting $25.72. 543,647 shares of the company were traded, against an average volume of 320,155. The company’s 50-day simple moving average is $28.01 and its two-hundred-day simple moving average is $25.07 . The company has a market capitalization of $1.31 billion, a P/E ratio of 8.41 and a beta of 1.46. The company has a quick ratio of 0.20, a current ratio of 4.02 and a debt ratio of 0.30. Green Brick Partners has a 1 year minimum of $18.27 and a 1 year maximum of $32.25.
In other news from Green Brick Partners, Director Richard S. Press sold 5,000 shares of the company in a trade dated Monday, Dec. 27. The shares were sold at an average price of $30.05, for a total value of $150,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders of the company own 53.10% of the shares of the company.
Several hedge funds have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Green Brick Partners during the fourth quarter worth approximately $668,000. UBS Asset Management Americas Inc. increased its equity stake in Green Brick Partners by 7.3% during the third quarter. UBS Asset Management Americas Inc. now owns 15,334 shares of the financial services provider worth $315,000 after purchasing an additional 1,037 shares during the period. Bank of New York Mellon Corp increased its holdings of Green Brick Partners shares by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 188,340 shares of the financial services provider worth $3,866,000 after purchasing an additional 13,183 shares during the period. Summit Trail Advisors LLC increased its holdings of Green Brick Partners stock by 0.7% during the third quarter. Summit Trail Advisors LLC now owns 55,677 shares of the financial services provider worth $1,142,000 after purchasing an additional 407 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Green Brick Partners shares by 8.0% during the third quarter. BNP Paribas Arbitrage SA now owns 80,252 shares of the financial services provider worth $1,647,000 after purchasing an additional 5,931 shares during the period. Institutional investors and hedge funds hold 83.72% of the company’s shares.
About Green Brick Partners
Green Brick Partners, Inc engages in residential land development and home construction. It operates through the following segments: Builder Operations Central, Builder Operations Southeast and Land Development. The Builder Operations Central segment represents its builders’ operations in Texas.
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