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

Granite Construction (NYSE:GVA) announced its earnings results on Thursday. The construction company reported $1.23 EPS for the quarter, missing the consensus estimate 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%. The firm had revenue of $977.30 million during the quarter. During the same period in the prior year, the company posted $0.82 EPS. Granite Construction updated its FY 2025 guidance to EPS.

Granite Construction Stock Performance

NYSE GVA traded down $0.42 during trading hours on Friday, reaching $86.77. 459,328 shares of the company were exchanged, compared to its average volume of 498,842. Granite Construction has a 1 year low of $48.11 and a 1 year high of $105.20. The business’s 50 day simple moving average is $90.01 and its 200-day simple moving average is $84.67. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $3.79 billion, a P/E ratio of 39.80 and a beta of 1.42.

Granite Construction Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued 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 yield of 0.60%. Granite Construction’s dividend payout ratio (DPR) is presently 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.