Media headlines about Granite Construction (NYSE:GVA) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Granite Construction earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.6543615742842 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- DA Davidson Research Analysts Increase Earnings Estimates for Granite Construction Incorporated (GVA) (americanbankingnews.com)
- Granite Construction, Inc.: Strong price momentum but will it sustain? (finance.yahoo.com)
- Granite Construction (GVA) Misses Q2 EPS by 22c, Beats on Revenues; Increases 2017 / 2018 Growth Expectations (streetinsider.com)
- Granite Construction (GVA) Shares Cross Above 200 DMA (nasdaq.com)
- Edited Transcript of GVA earnings conference call or presentation 1-Aug-17 3:00pm GMT (finance.yahoo.com)
Granite Construction (GVA) traded up 0.76% during trading on Friday, reaching $53.14. 259,025 shares of the company’s stock traded hands. The stock has a market capitalization of $2.12 billion, a P/E ratio of 48.35 and a beta of 1.20. The stock has a 50-day moving average price of $49.23 and a 200 day moving average price of $50.96. Granite Construction has a 1-year low of $42.59 and a 1-year high of $62.18.
Granite Construction (NYSE:GVA) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.25. The company had revenue of $762.90 million for the quarter, compared to analyst estimates of $684.32 million. Granite Construction had a return on equity of 4.80% and a net margin of 1.61%. Granite Construction’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. Equities research analysts expect that Granite Construction will post $1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, June 28th. Granite Construction’s dividend payout ratio is currently 48.60%.
A number of research firms have recently weighed in on GVA. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 price objective on shares of Granite Construction in a research report on Tuesday, August 1st. FBR & Co upped their price objective on Granite Construction from $63.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Granite Construction from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Granite Construction from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Granite Construction has a consensus rating of “Buy” and a consensus target price of $62.14.
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In other Granite Construction news, Director James Hildebrand Roberts sold 17,442 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $50.34, for a total transaction of $878,030.28. Following the completion of the transaction, the director now directly owns 54,594 shares of the company’s stock, valued at approximately $2,748,261.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Howard Powell sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $49.60, for a total transaction of $148,800.00. Following the transaction, the director now directly owns 49,858 shares of the company’s stock, valued at $2,472,956.80. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Granite Construction Company Profile
Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients.
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