EPS for Granite Construction Incorporated (GVA) Expected At $0.73

January 24, 2018 - By Nellie Frank

 EPS for Granite Construction Incorporated (GVA) Expected At $0.73
Investors sentiment decreased to 1.25 in Q3 2017. Its down 0.15, from 1.4 in 2017Q2. It fall, as 17 investors sold Granite Construction Incorporated shares while 63 reduced holdings. 25 funds opened positions while 75 raised stakes. 38.81 million shares or 2.12% more from 38.01 million shares in 2017Q2 were reported.
Counselors Of Maryland Ltd Com stated it has 257,481 shares. Voya Limited Liability Corp reported 0.11% of its portfolio in Granite Construction Incorporated (NYSE:GVA). Northern Trust stated it has 1.23M shares. Auxier Asset Mgmt owns 3,700 shares or 0.04% of their US portfolio. Teachers Retirement Of The State Of Kentucky holds 8,910 shares or 0.01% of its portfolio. First Financial Bank Of Omaha owns 58,073 shares for 0.21% of their portfolio. Royal Bankshares Of Canada owns 0% invested in Granite Construction Incorporated (NYSE:GVA) for 7,052 shares. Balyasny Asset Mngmt Limited Liability Company has invested 0% in Granite Construction Incorporated (NYSE:GVA). State Of New Jersey Common Pension Fund D reported 0.11% in Granite Construction Incorporated (NYSE:GVA). 168,812 were reported by Principal Fin. 2.35M were accumulated by Dimensional Fund Advsr Lp. Ubs Asset Mngmt Americas invested 0% in Granite Construction Incorporated (NYSE:GVA). Boston Prns reported 0.03% of its portfolio in Granite Construction Incorporated (NYSE:GVA). Pnc Fincl Gru has invested 0% in Granite Construction Incorporated (NYSE:GVA). Legal And General Gp Plc reported 0% in Granite Construction Incorporated (NYSE:GVA).

Since September 1, 2017, it had 0 insider purchases, and 2 selling transactions for $301,695 activity. Shares for $79,695 were sold by Bjork Claes on Wednesday, December 13.

Analysts expect Granite Construction Incorporated (NYSE:GVA) to report $0.73 EPS on February, 16.They anticipate $0.33 EPS change or 82.50 % from last quarter’s $0.4 EPS. GVA’s profit would be $29.09M giving it 22.87 P/E if the $0.73 EPS is correct. After having $1.14 EPS previously, Granite Construction Incorporated’s analysts see -35.96 % EPS growth. The stock decreased 0.18% or $0.12 during the last trading session, reaching $66.78. About 145,525 shares traded. Granite Construction Incorporated (NYSE:GVA) has risen 16.24% since January 24, 2017 and is uptrending. It has underperformed by 0.46% the S&P500.

Granite Construction Incorporated (NYSE:GVA) Ratings Coverage

Among 8 analysts covering Granite Constr (NYSE:GVA), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Granite Constr had 21 analyst reports since November 24, 2015 according to SRatingsIntel. On Thursday, March 23 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm earned “Buy” rating on Wednesday, December 9 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, January 18 by Cowen & Co. On Wednesday, May 3 the stock rating was maintained by FBR Capital with “Outperform”. The rating was maintained by Cowen & Co on Tuesday, September 19 with “Buy”. Maxim Group initiated the stock with “Buy” rating in Tuesday, November 24 report. On Monday, April 3 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Monday, October 30, the company rating was maintained by Canaccord Genuity. On Friday, December 11 the stock rating was upgraded by FBR Capital to “Outperform”. On Thursday, April 14 the stock rating was initiated by Cowen & Co with “Outperform”.

Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company has market cap of $2.66 billion. The firm operates through three divisions: Construction, Large Project Construction, and Construction Materials. It has a 51.37 P/E ratio. The Construction segment undertakes various construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities, and other infrastructure projects.

More notable recent Granite Construction Incorporated (NYSE:GVA) news were published by: Seekingalpha.com which released: “Granite Construction: Infrastructure Play” on January 09, 2018, also Seekingalpha.com with their article: “Granite Construction’s (GVA) CEO James Roberts on Q3 2017 Results – Earnings …” published on October 27, 2017, Barrons.com published: “Granite Construction to See Infrastructure Bump Up” on June 01, 2017. More interesting news about Granite Construction Incorporated (NYSE:GVA) were released by: Nasdaq.com and their article: “Why Granite Construction (GVA) Stock Might be a Great Pick” published on September 12, 2017 as well as Cnbc.com‘s news article titled: “Granite Construction shares lifted by California’s infrastructure bill” with publication date: April 07, 2017.

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