$ 0.82 expected EPS for Granite Construction Incorporated (NYSE: GVA) this quarter
Stock analysts expect Granite Construction Incorporated (NYSE: GVA) to report earnings per share (EPS) of $ 0.82 for the current fiscal quarter, according to Zacks. Zero analysts provided revenue estimates for Granite Construction. Granite Construction reported earnings of $ 0.90 per share for the same quarter last year, which would indicate a negative growth rate of 8.9% year-over-year. The company is expected to release its next earnings report before the market opens on Thursday, October 28.
On average, analysts expect Granite Construction to report annual earnings of $ 1.82 per share for the current fiscal year. For next year, analysts expect the company to post earnings of $ 1.90 per share. Zacks earnings per share averages are an average based on a survey of selling analysts who track Granite Construction.
Granite Construction (NYSE: GVA) last reported its quarterly results on Thursday, July 29. The construction company reported earnings per share (EPS) of $ 0.91 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.44 of $ 0.47. The company posted revenue of $ 964.17 million for the quarter. Granite Construction posted a negative net margin of 2.60% and a positive return on equity of 9.97%.
In addition, Zacks Investment Research downgraded Granite Construction shares from a “strong buy” rating to a “conservation” rating in a report released on Wednesday, September 29.
Granite Construction stock traded up $ 0.50 on Friday, reaching $ 39.63. The company’s shares had a trade volume of 194,906 shares, compared to its average volume of 356,950. The company has a market capitalization of $ 1.82 billion, a P / E ratio of -18.52 and a beta of 1.53. The company has a quick ratio of 1.41, a current ratio of 1.49, and a debt ratio of 0.34. The company has a fifty-day moving average price of $ 40.00 and a 200-day moving average price of $ 39.63. Granite Construction has a one-year minimum of $ 18.08 and a one-year maximum of $ 44.31.
The company also recently announced a quarterly dividend, which was paid on Friday, October 15. Shareholders of record on Thursday, September 30, received a dividend of $ 0.13. This represents an annualized dividend of $ 0.52 and a dividend yield of 1.31%. The ex-dividend date was Wednesday, September 29. Granite Construction’s payout rate is 40.00%.
Several institutional investors and hedge funds have recently bought and sold GVA shares. Handelsbanken Fonder AB increased its position in Granite Construction by 68.7% in the second quarter. Handelsbanken Fonder AB now owns 14,737 shares of the construction company valued at $ 612,000 after purchasing an additional 6,000 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in Granite Construction during the 1st quarter valued at approximately $ 1,078,000. Jump Financial LLC increased its position in Granite Construction by 72.6% during the 2nd quarter. Jump Financial LLC now owns 20,889 shares of the construction company valued at $ 868,000 after purchasing an additional 8,789 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in Granite Construction by 70.7% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 14,037 shares of the construction company valued at $ 517,000 after purchasing an additional 5,813 shares in the last quarter. Finally, HRT Financial LP acquired a new position in Granite Construction during the 1st quarter valued at approximately $ 915,000. 96.44% of the shares are currently held by institutional investors and hedge funds.
Granite Construction Company Profile
Granite Construction, Inc. is a holding company, which engages in providing infrastructure solutions for public and private clients. It operates through the following segments: Transport, Water, Specialties and Materials. The Transportation segment focuses on road construction and rehabilitation, pavement preservation, bridges, railways, airports and seaports.
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