Granite Construction (NYSE:GVA) Announces Quarterly Earnings Results

Posted by Trina Covell on Feb 15th, 2025

Granite Construction (NYSE:GVA – Get Free Report) issued its quarterly earnings data on Thursday. The construction company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.19), Zacks reports. Granite Construction had a return on equity of 19.04% and a net margin of 2.80%. During the same quarter last year, the firm posted $0.82 earnings per share. Granite Construction updated its FY 2025 guidance to EPS.

Granite Construction Stock Performance

Granite Construction stock traded down $0.42 during midday trading on Friday, hitting $86.77. The company’s stock had a trading volume of 459,328 shares, compared to its average volume of 498,842. Granite Construction has a 1-year low of $48.11 and a 1-year high of $105.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.56 and a quick ratio of 1.46. The company has a 50-day moving average price of $90.01 and a two-hundred day moving average price of $84.67. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 39.80 and a beta of 1.42.

Granite Construction Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, December 31st. Granite Construction’s dividend payout ratio (DPR) is 23.85%.

Granite Construction Company Profile

(Get Free Report)

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.