Granite Construction (GVA) Projected to Post Earnings on Thursday

Granite Construction (NYSE:GVA - Get Free Report) will likely be posting 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 that wish to listen to the company's earnings conference call can do so using this link.

Granite Construction (NYSE:GVA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by ($0.19). Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. The company had revenue of $977.30 million during the quarter. 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 Price Performance

Shares of GVA traded down $2.42 during mid-day trading on Friday, reaching $82.15. The company had a trading volume of 641,845 shares, compared to its average volume of 628,832. The company's 50 day simple moving average is $89.01 and its 200 day simple moving average is $85.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.56 and a current ratio of 1.66. Granite Construction has a 1-year low of $48.11 and a 1-year high of $105.20. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 33.26 and a beta of 1.42.

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Granite Construction Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 annualized dividend and a yield of 0.63%. Granite Construction's dividend payout ratio is presently 21.05%.

Insider Activity

In other Granite Construction news, COO James A. Radich sold 2,500 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $87.14, for a total transaction of $217,850.00. Following the completion of the sale, the chief operating officer now owns 28,256 shares in the company, valued at approximately $2,462,227.84. The trade was a 8.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.81% of the stock is currently owned by company insiders.

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.