Wedbush Forecasts Higher Earnings for Green Brick Partners

Green Brick Partners, Inc. (NASDAQ:GRBK) – Equities research analysts at Wedbush lifted their Q4 2024 earnings per share estimates for shares of Green Brick Partners in a note issued to investors on Friday, November 1st. Wedbush analyst J. Mccanless now expects that the financial services provider will post earnings of $2.24 per share for the quarter, up from their previous estimate of $2.19. Wedbush currently has a “Neutral” rating and a $60.00 target price on the stock. The consensus estimate for Green Brick Partners’ current full-year earnings is $8.35 per share. Wedbush also issued estimates for Green Brick Partners’ Q1 2025 earnings at $1.60 EPS, Q3 2025 earnings at $2.18 EPS, FY2025 earnings at $8.53 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $2.09 EPS, Q3 2026 earnings at $2.30 EPS and FY2026 earnings at $9.19 EPS.

Separately, B. Riley lifted their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Green Brick Partners Trading Up 3.3 %

NASDAQ GRBK opened at $72.39 on Monday. Green Brick Partners has a 52 week low of $43.00 and a 52 week high of $84.66. The company has a 50 day moving average price of $78.07 and a 200 day moving average price of $67.34. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.22 billion, a PE ratio of 9.40 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. During the same quarter in the prior year, the firm posted $1.56 earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year.

Hedge Funds Weigh In On Green Brick Partners

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Green Brick Partners by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after acquiring an additional 307,304 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Green Brick Partners during the second quarter worth about $10,687,000. Assenagon Asset Management S.A. boosted its position in Green Brick Partners by 206.8% in the third quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock valued at $20,424,000 after buying an additional 164,840 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Green Brick Partners by 114.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after buying an additional 115,318 shares during the period. Finally, Marshall Wace LLP raised its position in Green Brick Partners by 195.3% during the 2nd quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock worth $9,580,000 after buying an additional 110,680 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

About Green Brick Partners

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.