Granite Construction (GVA) Projected to Post Quarterly Earnings on Thursday

Granite Construction (NYSE:GVA) is anticipated to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $1.42 per share and revenue of $949.86 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Granite Construction Stock Performance

GVA opened at $87.58 on Wednesday. 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’s 50 day moving average price is $90.74 and its two-hundred day moving average price is $84.51. The firm has a market capitalization of $3.83 billion, a P/E ratio of 40.17 and a beta of 1.42. Granite Construction has a 12-month low of $46.76 and a 12-month high of $105.20.

Granite Construction Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.13 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.59%. Granite Construction’s payout ratio 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.