Granite Construction (GVA) Projected to Post Earnings on Thursday

Granite Construction (NYSE:GVA) is expected to be posting its Q1 2025 quarterly earnings results 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 issued 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). Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. The firm had revenue of $977.30 million for the quarter. During the same period in the prior year, the company posted $0.82 earnings per share. 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 Stock Performance

NYSE GVA opened at $80.72 on Wednesday. The company’s 50 day simple moving average is $76.92 and its two-hundred day simple moving average is $85.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. Granite Construction has a 1 year low of $54.95 and a 1 year high of $105.20. The stock has a market capitalization of $3.51 billion, a PE ratio of 32.68 and a beta of 1.26.

Granite Construction Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.13 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

Insider Buying and Selling

In other news, CEO Kyle T. Larkin sold 2,790 shares of Granite Construction stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $80.02, for a total transaction of $223,255.80. Following the completion of the sale, the chief executive officer now directly owns 136,384 shares of the company’s stock, valued at approximately $10,913,447.68. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James A. Radich sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $87.14, for a total value of $217,850.00. Following the completion of the transaction, the chief operating officer now directly owns 28,256 shares in the company, valued at approximately $2,462,227.84. This represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,932 shares of company stock worth $896,979 over the last ninety days. 0.81% of the stock is owned by corporate insiders.

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.