Granite Construction (GVA) Scheduled to Post Quarterly Earnings on Friday

Granite Construction (NYSE:GVA) will be issuing its quarterly earnings data before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of ($2.04) per share for the quarter.

Shares of GVA stock traded down $0.84 on Thursday, reaching $34.66. The stock had a trading volume of 6,455 shares, compared to its average volume of 392,521. The firm has a market cap of $2.08 billion, a PE ratio of 14.86, a P/E/G ratio of 2.25 and a beta of 1.34. Granite Construction has a 1 year low of $32.34 and a 1 year high of $58.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.97 and a current ratio of 2.12. The stock’s 50 day simple moving average is $44.28.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.50%. Granite Construction’s dividend payout ratio (DPR) is currently 22.22%.

Several equities analysts recently weighed in on the company. B. Riley downgraded Granite Construction from a “buy” rating to a “neutral” rating and lowered their target price for the company from $53.00 to $41.00 in a research report on Tuesday. Zacks Investment Research upgraded Granite Construction from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. ValuEngine upgraded Granite Construction from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Goldman Sachs Group upgraded Granite Construction from a “neutral” rating to a “buy” rating and lifted their target price for the company from $50.00 to $53.00 in a research report on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $57.00.

Granite Construction Company Profile

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports.

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Earnings History for Granite Construction (NYSE:GVA)

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