Granite Construction (GVA) Projected to Post Quarterly Earnings on Thursday

Granite Construction (NYSE:GVA) will likely be issuing its quarterly earnings data 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Granite Construction (NYSE:GVA) last issued its earnings results on Thursday, February 13th. The construction company reported $1.23 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 for the quarter. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, analysts expect Granite Construction to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Granite Construction Price Performance

Shares of GVA stock opened at $86.78 on Thursday. 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’s 50-day moving average is $89.46 and its two-hundred day moving average is $85.16. Granite Construction has a 12 month low of $48.11 and a 12 month high of $105.20. The company has a market capitalization of $3.79 billion, a PE ratio of 35.13 and a beta of 1.42.

Granite Construction Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Tuesday, December 31st. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

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.