Granite Construction (NYSE:GVA) Issues Quarterly 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 for the quarter, missing the consensus estimate of $1.42 by ($0.19), Zacks reports. Granite Construction had a return on equity of 19.04% and a net margin of 2.80%. During the same period in the previous year, the company earned $0.82 EPS. Granite Construction updated its FY 2025 guidance to EPS.

Granite Construction Stock Performance

GVA traded down $0.45 on Thursday, reaching $86.24. 427,946 shares of the stock were exchanged, compared to its average volume of 517,570. The company’s 50-day moving average price is $90.48 and its 200 day moving average price is $84.52. Granite Construction has a fifty-two week low of $47.44 and a fifty-two week high of $105.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.56 and a quick ratio of 1.46. The firm has a market capitalization of $3.77 billion, a PE ratio of 39.29 and a beta of 1.42.

Granite Construction Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 annualized dividend and a yield of 0.60%. 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.