Granite Construction (NYSE:GVA) Posts Earnings Results, Misses Estimates By $0.19 EPS

Granite Construction (NYSE:GVA) announced its earnings results on Thursday. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.19), Zacks reports. Granite Construction had a net margin of 2.80% and a return on equity of 19.04%. During the same period in the previous year, the business posted $0.82 EPS. Granite Construction updated its FY 2025 guidance to EPS.

Granite Construction Price Performance

Shares of NYSE:GVA traded down $1.35 during midday trading on Friday, reaching $85.84. 48,786 shares of the company’s stock traded hands, compared to its average volume of 538,506. Granite Construction has a 1 year low of $48.11 and a 1 year high of $105.20. The company has a market cap of $3.75 billion, a P/E ratio of 39.37 and a beta of 1.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.56. The company has a fifty day simple moving average of $90.48 and a two-hundred day simple moving average of $84.52.

Granite Construction Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.61%. Granite Construction’s dividend payout ratio (DPR) is 23.85%.

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.