Granite Construction (GVA) Set to Announce Quarterly Earnings on Thursday
Granite Construction (NYSE:GVA) is scheduled to issue its Q413 quarterly earnings data on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $619.24 million for the quarter.
Granite Construction (NYSE:GVA) opened at 34.59 on Wednesday. Granite Construction has a 52 week low of $26.07 and a 52 week high of $36.00. The stock has a 50-day moving average of $34.19 and a 200-day moving average of $31.7. The company has a market cap of $1.345 billion and a P/E ratio of 139.19.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 27th.
A number of analysts have recently weighed in on GVA shares. Analysts at TheStreet upgraded shares of Granite Construction from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. On a related note, analysts at Zacks upgraded shares of Granite Construction from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 2nd. They now have a $35.90 price target on the stock. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Granite Construction in a research note on Tuesday, December 31st. They now have a $35.00 price target on the stock, up previously from $30.00. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Granite Construction currently has an average rating of “Hold” and an average price target of $34.98.
Granite Construction Incorporated is a diversified heavy civil contractors and construction materials producers in the United States.
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