Genesis Land Development (TSE:GDC) Posts Quarterly Earnings Results

Genesis Land Development (TSE:GDC) issued its earnings results on Thursday. The company reported C$0.32 earnings per share (EPS) for the quarter, FiscalAI reports. Genesis Land Development had a return on equity of 12.42% and a net margin of 9.66%.The firm had revenue of C$134.61 million for the quarter.

Genesis Land Development Stock Performance

TSE:GDC opened at C$3.44 on Friday. The company has a market cap of C$194.86 million, a price-to-earnings ratio of 5.73 and a beta of -0.03. Genesis Land Development has a 1 year low of C$2.91 and a 1 year high of C$3.84. The stock’s 50 day simple moving average is C$3.31 and its two-hundred day simple moving average is C$3.34. The company has a debt-to-equity ratio of 58.09, a current ratio of 0.86 and a quick ratio of 0.80.

Genesis Land Development Company Profile

Genesis Land Development Corp is a Canada-based land developer and home builder. The company is engaged in the acquisition, development, and sale of land, residential lots and homes mainly in the greater Calgary area. The company has two business segments: Land development and Homebuilding. It earns the majority of its revenue from the home building segment.