Granite Construction (GVA) said Monday it will keep the Water Resources and Mineral Services businesses that had been classified as held for sale and reported in discontinued…
Granite Construction Inc. said Monday it no longer plans to sell its Water Resources and Mineral Services businesses, citing current market conditions. The construction materials company said the businesses'' assets will no longer be classified as held for sale, and the financial results will be reporting within continuing operations. "Although we saw significant interest in the Water Resources and Mineral Services businesses, current market conditions undermined our efforts to secure appropriate value for the businesses," said Chief Executive Kyle Larkin. "Both businesses have performed very well this year, supported by strong underlying market demand which remains resilient. The ongoing drought concerns across much of the country, coupled with the strong demand for mineral resources, makes us optimistic about the outlook for these businesses." The stock, which was still inactive in premarket trading, has slumped 28.0% year to date while the S&P 500 has dropped 18.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Granite Construction (NYSE:GVA) declares $0.13/share quarterly dividend, in line with previous.Forward yield 1.84%Payable Oct. 14; for shareholders of record Sept. 30; ex-div Sept.
Granite Construction Incorporated (NYSE: GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on October 14, 2022, to all shareholders of record at the close of business on September 30, 2022. About Granite Granite is America’s Infrastructure Company. Incorporated since 1922, Granite (NYSE:GVA) is one
Granite Construction (GVA) said Wednesday it was awarded ~$17M construction contract by the Placer County Water Agency for updates and improvements at the Duncan Creek diversion dam…
Granite Construction (GVA) disclosed on Wednesday it agreed to pay a $12M civil penalty in a settlement with the SEC, subject to court approval, resolving the agency''s previously…
Granite Construction is in the infrastructure construction business. See how state and local infrastructure agencies spending will become a catalyst for GVA.
The Securities and Exchange Commission today charged Granite Construction, Incorporated and its former Senior Vice President, Dale Swanberg, with fraud for inflating the financial performance of the major subdivision Swanberg managed. In 2021, Granite…
The GRANITE CONSTRUCTION INC. EMPLOYEE PAC - GRANITEPAC successfully filed their F3XN AUGUST MONTHLY with the coverage period of 07/01/2022 to 07/31/2022 and a confirmation ID of FEC-1625010 *********CommitteeId: C00337394 | FilingId: 1625010 | FormType: F3XN | CoverageFrom: 07/01/2022 | CoverageThrough: 07/31/2022 | ReportType: AUGUST MONTHLY*********
According to Benzinga Pro, during Q2, Granite Construction (NYSE: GVA ) earned $16.57 million, a 268.7% increase from the preceding quarter. Granite Construction also posted a total of $768.29 million in sales, a 40.3% increase since Q1. In Q1, Granite Construction brought in $547.59 million in sales but lost $9.82 million in earnings. Why Is ROCE Significant? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a … Full story available on Benzinga.com
The following slide deck was published by Granite Construction Incorporated in conjunction with their 2022 Q2 earnings call.
Granite Construction Incorporated (NYSE:NYSE:GVA) Q2 2022 Earnings Conference Call July 28, 2022 11:00 A.M.
Granite Construction (NYSE: GVA ) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:45 AM. Here''s what investors need to know about the announcement. Earnings Granite Construction missed estimated earnings by 38.71%, reporting an EPS of $0.38 versus … Full story available on Benzinga.com
Granite Construction press release (GVA): Q2 Non-GAAP EPS of $0.38 misses by $0.20.Revenue of $768M (-20.3% Y/Y) misses by $51.76M.For the 2022 fiscal year, the Company is…
Granite Construction (GVA) is scheduled to announce Q2 earnings results on Thursday, July 28th, before market open
Granite Construction (GVA) said Tuesday it was awarded ~$40M contract for improvements to State Highway 288 in the Houston metro area.The project will increase connectivity on the…
Granite Construction Inc. (GVA) shares closed today at 1.6% above its 52 week low of $27.73, giving the company a market cap of $1B. The stock is currently down 26.5% year-to-date, down 27.4% over the past 12 months, and down 37.9% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Trading volume this week was 50.3% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 3.3% lower than its 5-day moving average, 10.7% lower than its 20-day moving average, and 11.7% lower than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 64.6% The company's stock price performance over the past 12 months lags the peer average by 1949.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 150.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Granite Construction (GVA) said Thursday it was awarded 2 contracts for work on Interstate 5 near Three Rocks, California.The first ~$27M contract will rehabilitate pavement and…
Granite (NYSE:GVA) announced today the award of two contracts for work on Interstate 5 near Three Rocks, California. The first, an approximately $27 million contract, will rehabilitate pavement and construct culvert improvements on I-5. The second, an approximately $11 million contract, will replace two bridge structures over Tumey Gulch on I-5. The awards are anticipated to be included in Granite’s
Granite Construction (GVA) wholly owned subsidiary Centennial Asphalt closed the purchase of a liquid asphalt terminal which provides 170K barrels of liquid asphalt storage."This…
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CLEARLAKE, Calif. The Clearlake City Council this week will consider selling a portion of the citys former airport to a developer that is proposing to build a new hotel. The council will meet for a workshop at 5 p.m. on the Burns Valley Development Project before the regular meeting begins at 6 p.m. Thursday, July 15, in the council chambers at Clearlake City Hall, 14050 Olympic Drive. The meeting will be broadcast live on the city''s YouTube channel or the Lake County PEGTV YouTube Channel . Community members also can participate via Zoom or can attend in person. The agenda can be found here . Comments and questions can be submitted in writing for City Council consideration by sending them to City Clerk Melissa Swanson at mswanson@clearlake.ca.us . You can also visit the citys new town hall site and submit written comments at https://www.opentownhall.com/portals/327/Issue_9055 . Identify the subject you wish to comment on in your emails subject line or in your town hall submission.
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Construction company Granite Construction (GVA) has received a $16 million bid-build rehabilitation contract from the Alaska Department of Transportation and Public Facilities in The post Granite Construction Wins $16M Anchorage International Airport Rehabilitation Contract appeared first on Smarter Analyst .
Infrastructure company Granite Construction Incorporated (GVA) has bagged a $20 million Union Valley Bike Trail Extension project from the Sacramento Municipal Utility District. The post Granite Construction Bags $20M Union Valley Bike Trail Extension Contract appeared first on Smarter Analyst .
WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite Construction has secured a $20M contract to construct a lake-side bike trail in Northern California.
Highway encroachment work at the site of the future horse park in Lakeport, California, recently was completed. Photo courtesy of Dennis Rollins. LAKEPORT, Calif. The Westside Community Park Committee reported its making progress on its future horse park. The committee recently completed the encroachment from State Highway 175 along with the entrance into the eight-acre site where the horse park will be located. It is on the north side of the state highway just west of the intersection with Mathews Road outside of Lakeport. Chair Dennis Rollins said this project was a collaborative effort. Mike Lucchetti of Lucchetti Excavating approached the Westside Community Park Committee with an offer to provide labor and equipment for this project. Rollins said the committee eagerly accepted his very generous offer. This community has been supportive of our business and we would like to do this to help the community, Lucchetti said. The city of Lakeport Public Works Department under the leadership of Public Works Director Doug Grider and Foreman Jim Kennedy, provided additional labor and equipment when needed.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) announced that Kyle Larkin, Granites president and chief executive officer, will participate in a virtual fireside chat hosted by Vertical Research Partners analyst Michael Dudas on June 16, 2021 at approximately 2:00 p.m. ET. This fireside chat will be available to Vertical Research Partners clients. A video replay can be accessed from Granites website approximately 24 hours after the virtual fireside chat. A
Granite Construction Incorporat with ticker code (GVA) have now 3 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 55 and 33 and has a mean target at 45.33. Given that the stocks previous close was at 40.14 this is indicating there is a potential upside of 12.9%. There is a 50 day moving average of 39.58 and the 200 day moving average is 34.66. The market cap for the company is $1,838m. Company Website: /> [stock_market_widget type="chart" symbol="GVA" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports. The Water segment focuses on water-related construction and water management solutions, as well as provides trenchless cured-in-place pipe and storm water rehabilitation services.
Granite Construction has joined the growing coalition pledging to advance diversity and inclusion in the workplace. One of nearly 2,000 CEOs that have come together for CEO Action for Diversity & Inclusion, Kyle Larkin is committing himself and Granite to advance diversity and inclusion in the workplace. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210607005057/en/
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 15, 2021, to all shareholders of record at the close of business on June 30, 2021. About Granite Granite is Americas Infrastructure Company. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in
Granite Construction Incorporat with ticker code (GVA) now have 3 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 55 and 33 with the average target price sitting at 45.33. With the stocks previous close at 39.43 this indicates there is a potential upside of 15.0%. The day 50 moving average is 39.29 and the 200 day MA is 33.43. The market capitalisation for the company is $1,786m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="GVA" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports. The Water segment focuses on water-related construction and water management solutions, as well as provides trenchless cured-in-place pipe and storm water rehabilitation services.
Granite Construction Incorporat with ticker code (GVA) now have 3 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 55 and 33 with the average target price sitting at 45.33. Given that the stocks previous close was at 40.36 this is indicating there is a potential upside of 12.3%. The day 50 moving average is 39.42 while the 200 day moving average is 32.73. The market capitalisation for the company is $1,797m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="GVA" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports.
Granite Construction Incorporated (NYSE:GVA)s stock price traded up 4.5% during trading on Monday . The company traded as high as $40.82 and last traded at $40.57. 3,720 shares traded hands during trading, a decline of 99% from the average session volume of 412,248 shares. The stock had previously closed at $38.84. Separately, DA Davidson raised []
Granite Construction Incorporated (NYSE:GVA) Analysts at DA Davidson upped their FY2021 earnings per share estimates for Granite Construction in a report released on Monday, May 10th. DA Davidson analyst B. Thielman now expects that the construction company will earn $1.68 per share for the year, up from their prior forecast of $1.14. DA Davidson []
Granite Construction Inc. (GVA) shares closed 0.0% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 56.4% year-to-date, up 177.3% over the past 12 months, and up 5.0% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 fell 0.4%. Trading Activity Trading volume this week was 64.7% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 70.0% The company's stock price performance over the past 12 months beats the peer average by 36.8% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today reported a net loss of ($153.1) million and ($3.36) per diluted share for the nine months ended September 30, 2020, compared to a net loss of ($40.8) million and ($0.87) per diluted share year-over-year. The net loss for the nine months ended September 30, 2020 included $194.4 million of transaction costs(2), amortization of debt discount, non-recurring legal and accounting investigation costs, and non-cas
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) will release third quarter 2020 financial results on Thursday, February 25, 2021, before the market opens. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, February 25, 2021. The Company invites investors to listen to a live audio webcast on its Investor Relations website, http://investor.graniteconstruction.com. The live call is available by calling 1-866-807-9684; international call
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced its 2019 financial results, reflecting a net loss of ($60.2) million (($1.29) per diluted share) compared to net income of $0.6 million ($0.01 per diluted share) in 2018. The results include after-tax, acquisition-related expenses for 2019 and 2018 of $33.0 million and $60.5 million, respectively. Revenue in 2019 increased $158.6 million, or 5.0%, to $3.4 billion primarily due to incremental reve
NEW YORK--(BUSINESS WIRE)-- #GVA--Scott+Scott Attorneys at Law LLP Investigates Granite Construction, Inc.’s Directors and Officers for Breach of Fiduciary Duties – GVA
Granite Construction announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
Granite Construction announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
Granite Construction Inc. announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today provided a business update and third quarter 2020 preliminary select financial information. “I am pleased today to discuss some highlights of Granite’s recent performance, but first, I want to thank the Board of Directors for their confidence in my ability to lead Granite through the near-term challenges we are facing as we work to implement our long-term strategic vision,” said Kyle T. Larkin, President a
Granite Construction announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
Jardine Strategic (OTCMKTS:JSHLY) and Granite Construction (NYSE:GVA) are both multi-sector conglomerates companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, analyst recommendations, institutional ownership, dividends, valuation and profitability. Volatility & Risk Jardine Strategic has a beta of 0.46, meaning that its share price […]
Granite Construction announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
Granite Construction (NYSE:GVA) and Jardine Strategic (OTCMKTS:JSHLY) are both construction companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, earnings, institutional ownership, dividends, profitability, risk and valuation. Volatility & Risk Granite Construction has a beta of 1.48, suggesting that its stock price is […]
Granite Construction (NYSE:GVA) and Jardine Strategic (OTCMKTS:JSHLY) are both construction companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, dividends, risk, institutional ownership, valuation, analyst recommendations and earnings. Institutional & Insider Ownership 99.6% of Granite Construction shares are owned by institutional investors. Comparatively, 0.0% […]
WATSONVILLE, Calif.--(BUSINESS WIRE)-- #SafetyByChoice--Granite Construction Incorporated (NYSE: GVA) announced the appointment of Kyle T. Larkin as President and Principal Executive Officer, as well as the upcoming retirement of President and Chief Executive Officer James H. Roberts. These changes were effective September 22, 2020. Mr. Larkin, age 49, has been an integral part of Granite’s evolution and growth since joining the Company in 1996, and since February 2020, has been responsible for day-to-day operat
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