$376.62 Million in Sales Expected for Green Brick Partners, Inc. (NASDAQ:GRBK) This Quarter

Equities analysts expect Green Brick Partners, Inc. (NASDAQ:GRBK) to report sales of $376.62 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Green Brick Partners’ earnings. The highest sales estimate is $379.75 million and the lowest is $373.49 million. Green Brick Partners posted sales of $254.10 million in the same quarter last year, which suggests a positive year over year growth rate of 48.2%. The business is expected to issue its next quarterly earnings report on Monday, March 14th.

According to Zacks, analysts expect that Green Brick Partners will report full-year sales of $1.30 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.32 billion. For the next year, analysts expect that the firm will post sales of $1.56 billion, with estimates ranging from $1.53 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Green Brick Partners.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Monday, November 1st. The financial services provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.10). Green Brick Partners had a return on equity of 21.97% and a net margin of 12.95%. During the same period last year, the business posted $0.68 EPS.

Several equities research analysts recently issued reports on GRBK shares. JMP Securities reiterated a “buy” rating on shares of Green Brick Partners in a report on Monday, August 30th. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a report on Monday, November 8th. B. Riley cut their price target on Green Brick Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, October 12th. Finally, JPMorgan Chase & Co. downgraded Green Brick Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $28.00 in a report on Thursday, October 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.33.

Shares of Green Brick Partners stock traded down $0.65 during trading hours on Thursday, hitting $26.28. The company’s stock had a trading volume of 155,917 shares, compared to its average volume of 671,113. Green Brick Partners has a twelve month low of $18.27 and a twelve month high of $28.03. The firm has a fifty day moving average of $23.81 and a 200-day moving average of $23.59. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 8.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.20 and a current ratio of 4.02.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paragon Wealth Strategies LLC acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at about $30,000. Optimum Investment Advisors acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at about $34,000. Koshinski Asset Management Inc. acquired a new stake in shares of Green Brick Partners in the 3rd quarter valued at about $54,000. Kistler Tiffany Companies LLC acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at about $94,000. Finally, Royal Bank of Canada boosted its position in shares of Green Brick Partners by 84.5% in the 1st quarter. Royal Bank of Canada now owns 5,093 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 2,332 shares during the period. Institutional investors and hedge funds own 81.75% of the company’s stock.

About Green Brick Partners

Green Brick Partners, Inc engages in residential land development and homebuilding. It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments. The Builder Operations Central segment segment represents operations of its builders in Texas.

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