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

Posted by Patrick Bannon on Feb 13th, 2025

Granite Construction (NYSE:GVA – Get Free Report) issued its earnings results on Thursday. The construction company reported $1.23 earnings per share (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%. 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 Price Performance

NYSE GVA traded down $0.58 on Thursday, reaching $86.10. The company had a trading volume of 414,306 shares, compared to its average volume of 516,485. The stock has a market capitalization of $3.76 billion, a PE ratio of 39.50 and a beta of 1.42. Granite Construction has a 12 month low of $47.44 and a 12 month high of $105.20. 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 firm’s 50 day moving average price is $90.48 and its 200 day moving average price is $84.52.

Granite Construction Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.60%. Granite Construction’s dividend payout ratio is 23.85%.

About Granite Construction

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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.