Granite Construction released its earnings results on May 02, 2023. The company reported -$0.53 earnings per share for the quarter, missing the consensus estimate of $0.022 by -$0.552.

Is Granite Construction overvalued?

According to Wall Street analysts Granite Construction’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Granite Construction pay dividends?

Granite Construction pays a Quarterly dividend of $0.13 which represents an annual dividend yield of 1.42%. See more information on Granite Construction dividends here

What is Granite Construction’s EPS estimate?

Granite Construction’s EPS estimate is $0.97.

How many shares outstanding does Granite Construction have?

Granite Construction has 43,880,770 shares outstanding.

What happened to Granite Construction’s price movement after its last earnings report?

Granite Construction reported an EPS of -$0.53 in its last earnings report, missing expectations of $0.022. Following the earnings report the stock price went down -4.05%.

Which hedge fund is a major shareholder of Granite Construction?

Among the largest hedge funds holding Granite Construction’s share is Fisher Asset Management LLC. It holds Granite Construction’s shares valued at 7M.

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Granite Construction Stock Smart Score

Outperform

Fundamentals

Return on Equity

7.59%

Trailing 12-Months

Asset Growth

-8.97%

Trailing 12-Months

The Granite Construction stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

Granite Construction

Granite Construction, Inc. is a holding company, which engages in the provision of infrastructure solutions for public and private clients. It operates through the following segments: Transportation, Water, Specialty and Materials. The Transportation segment focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports and marine ports. The Water segment involves in water-related construction and water management solutions for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides trenchless cured-in-place pipe rehabilitation. The Specialty segment includes construction of various complex projects including infrastructure / site development, mining, public safety, tunnel and power projects. The Materials segment offers production of aggregates, asphalt and construction related materials as well as proprietary sanitary and storm water rehabilitation products including cured-in-place pipe felt and fiberglass-based lining tubes both for internal use and for sale to third parties. The company was founded in 1922 and is headquartered in Watsonville, CA.

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