News stories about Granite Construction (NYSE:GVA) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Granite Construction earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 47.4647647309317 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Granite Construction (GVA) opened at $59.43 on Wednesday. The company has a market cap of $2,370.00, a PE ratio of 36.91, a PEG ratio of 2.63 and a beta of 1.30. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 0.18. Granite Construction has a 1-year low of $45.14 and a 1-year high of $68.58.
Granite Construction (NYSE:GVA) last announced its earnings results on Friday, February 16th. The construction company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $801.30 million during the quarter, compared to the consensus estimate of $753.83 million. Granite Construction had a net margin of 2.31% and a return on equity of 6.97%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. sell-side analysts expect that Granite Construction will post 3.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. Granite Construction’s dividend payout ratio is currently 32.30%.
GVA has been the topic of several research reports. Zacks Investment Research upgraded shares of Granite Construction from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, January 9th. DA Davidson upped their price objective on shares of Granite Construction to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Cowen upped their price objective on shares of Granite Construction from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Granite Construction currently has an average rating of “Buy” and an average price target of $69.38.
In other news, Director Claes Bjork sold 1,264 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $63.05, for a total value of $79,695.20. Following the completion of the sale, the director now owns 50,972 shares in the company, valued at $3,213,784.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
About Granite Construction
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.