Granite Construction (GVA) Expected to Announce Earnings on Thursday

Granite Construction (NYSE:GVA) is projected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Granite Construction to post earnings of $1.42 per share and revenue of $949.86 million for the quarter. Granite Construction has set its FY 2025 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Granite Construction (NYSE:GVA) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.19). The firm had revenue of $977.30 million during the quarter. Granite Construction had a return on equity of 20.67% and a net margin of 3.15%. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, analysts expect Granite Construction to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Granite Construction Stock Performance

Shares of Granite Construction stock opened at $81.61 on Tuesday. The company has a market cap of $3.54 billion, a PE ratio of 33.04 and a beta of 1.42. Granite Construction has a 52 week low of $48.51 and a 52 week high of $105.20. The business has a 50 day moving average price of $88.78 and a 200-day moving average price of $85.58. The company has a quick ratio of 1.56, a current ratio of 1.66 and a debt-to-equity ratio of 0.68.

Granite Construction Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Tuesday, December 31st. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

Insider Transactions at Granite Construction

In other news, COO James A. Radich sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $87.14, for a total value of $217,850.00. Following the completion of the sale, the chief operating officer now directly owns 28,256 shares of the company’s stock, valued at $2,462,227.84. This represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company’s stock.

About Granite Construction

Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects.