Granite Construction (GVA) Expected to Announce Quarterly Earnings on Thursday

Granite Construction (NYSE:GVA) will likely be issuing its quarterly earnings data 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 are interested in registering for the company’s conference call can do so using this link.

Granite Construction Price Performance

Shares of Granite Construction stock opened at $89.62 on Tuesday. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 41.11 and a beta of 1.42. 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 simple moving average is $90.97 and its 200-day simple moving average is $84.37. Granite Construction has a 52 week low of $46.76 and a 52 week high of $105.20.

Granite Construction Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.58%. Granite Construction’s dividend payout ratio is presently 23.85%.

About Granite Construction

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.