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

Granite Construction (NYSE:GVA) will announce its earnings results before the market opens on Friday, February 16th. Analysts expect the company to announce earnings of $0.68 per share for the quarter.

Shares of Granite Construction (NYSE GVA) opened at $59.36 on Friday. The company has a market cap of $2,377.10, a PE ratio of 46.02, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. Granite Construction has a 1 year low of $45.14 and a 1 year high of $68.58. The company has a current ratio of 1.79, a quick ratio of 1.71 and a debt-to-equity ratio of 0.24.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, March 28th. Granite Construction’s payout ratio is 40.31%.

Several analysts have commented on GVA shares. Zacks Investment Research raised shares of Granite Construction from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, October 13th. Cowen increased their price target on shares of Granite Construction from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Canaccord Genuity increased their price target on shares of Granite Construction from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, October 30th. DA Davidson reissued a “hold” rating and set a $65.00 price target on shares of Granite Construction in a research report on Monday, October 30th. Finally, B. Riley reissued a “buy” rating on shares of Granite Construction in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Granite Construction currently has a consensus rating of “Buy” and a consensus price target of $69.00.

In related news, Director Claes Bjork sold 1,264 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $63.05, for a total value of $79,695.20. Following the completion of the transaction, the director now directly owns 50,972 shares of the company’s stock, valued at approximately $3,213,784.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

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Granite Construction Company Profile

Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients.

Earnings History for Granite Construction (NYSE:GVA)

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