Granite Construction (GVA) Expected to Announce Earnings on Thursday

Granite Construction (NYSE:GVA) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce 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.Investors that wish to listen to the company’s conference call can do so using this link.

Granite Construction (NYSE:GVA) last released its earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.19). Granite Construction had a return on equity of 20.67% and a net margin of 3.15%. The firm had revenue of $977.30 million during the quarter. During the same period in the prior year, the company earned $0.82 earnings per share. 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

Granite Construction stock opened at $81.61 on Tuesday. Granite Construction has a one year low of $48.51 and a one year high of $105.20. The business has a fifty day moving average price of $88.78 and a 200-day moving average price of $85.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. The firm has a market capitalization of $3.54 billion, a P/E ratio of 33.04 and a beta of 1.42.

Granite Construction Announces Dividend

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

Insider Transactions at Granite Construction

In other news, COO James A. Radich sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 28,256 shares of the company’s stock, valued at $2,462,227.84. This trade represents a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.81% of the company’s stock.

Granite Construction Company Profile

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.