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

Key Points

• Granite Construction (GVA) is expected to announce its Q2 2025 earnings on August 7th, projecting earnings of $1.77 per share and revenue of $1.16 billion.
• The company recently declared a quarterly dividend of $0.13 per share, resulting in an annualized dividend of $0.52 and a yield of 0.55%.
• Analysts at Goldman Sachs have upgraded their price target for GVA from $69.00 to $76.00, maintaining a "sell" rating.

Granite Construction (NYSE:GVA - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of $1.77 per share and revenue of $1.16 billion for the quarter.

Granite Construction (NYSE:GVA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.44. Granite Construction had a net margin of 3.07% and a return on equity of 21.40%. The company had revenue of $699.55 million for the quarter, compared to analysts' expectations of $706.15 million. The business's quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts expect Granite Construction to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Granite Construction Price Performance

GVA traded down $2.15 during trading hours on Friday, hitting $92.32. The company's stock had a trading volume of 604,545 shares, compared to its average volume of 444,270. The business's 50-day moving average price is $92.00 and its 200-day moving average price is $85.21. Granite Construction has a 12 month low of $65.13 and a 12 month high of $105.20. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 38.47 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.44 and a debt-to-equity ratio of 0.71.

Granite Construction Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 30th. Granite Construction's payout ratio is presently 21.67%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price objective on shares of Granite Construction from $69.00 to $76.00 and gave the stock a "sell" rating in a research note on Monday, May 5th.

Insider Activity

In other news, SVP Brian R. Dowd sold 2,025 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $91.76, for a total transaction of $185,814.00. Following the completion of the sale, the senior vice president directly owned 18,819 shares of the company's stock, valued at approximately $1,726,831.44. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.81% of the company's stock.

Institutional Trading of Granite Construction

A number of large investors have recently made changes to their positions in GVA. United Services Automobile Association purchased a new stake in shares of Granite Construction during the first quarter valued at $207,000. AQR Capital Management LLC raised its holdings in shares of Granite Construction by 73.2% in the first quarter. AQR Capital Management LLC now owns 21,379 shares of the construction company's stock valued at $1,612,000 after acquiring an additional 9,038 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Granite Construction by 21.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,859 shares of the construction company's stock valued at $12,732,000 after acquiring an additional 29,428 shares in the last quarter.

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.