Granite Construction (GVA) Projected to Post Earnings on Thursday

Granite Construction (NYSE:GVA) is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect Granite Construction to post earnings of ($0.43) per share and revenue of $706.15 million for the quarter. Granite Construction has set its FY 2025 guidance at EPS.

Granite Construction (NYSE:GVA) last released its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.19). The firm had revenue of $977.30 million for the quarter. Granite Construction had a return on equity of 20.67% and a net margin of 3.15%. During the same quarter in the prior year, the firm earned $0.82 EPS. 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 Trading Up 0.5 %

GVA opened at $80.34 on Tuesday. The stock’s fifty day moving average is $77.00 and its two-hundred day moving average is $85.89. The company has a market capitalization of $3.49 billion, a P/E ratio of 32.53 and a beta of 1.26. Granite Construction has a 52 week low of $54.95 and a 52 week high of $105.20. The company has a quick ratio of 1.56, a current ratio of 1.66 and a debt-to-equity ratio of 0.68.

Granite Construction Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 0.65%. Granite Construction’s payout ratio is currently 21.05%.

Insider Activity

In other news, CEO Kyle T. Larkin sold 2,790 shares of Granite Construction stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $80.02, for a total value of $223,255.80. Following the transaction, the chief executive officer now directly owns 136,384 shares in the company, valued at approximately $10,913,447.68. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO James A. Radich sold 2,500 shares of the business’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 transaction, the chief operating officer now owns 28,256 shares in the company, valued at approximately $2,462,227.84. This trade represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,932 shares of company stock worth $896,979. 0.81% of the stock is currently owned by company insiders.

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.