Earnings results for Granite Construction Inc. (NYSE:GVA)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.23 and remained the same over the past month at 0.23. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has decreased over the past week from 1.68 to -0.06(0.23) and remained the same over the past month at 1.68 . Of the 1 analysts making yearly forecasts, none raised and 1 lowered their forecast.
Analyst Opinion on Granite Construction Inc. (NYSE:GVA)
3 Wall Street analysts have issued ratings and price targets for Granite Construction in the last 12 months. Their average twelve-month price target is $20.00, suggesting that the stock has a possible upside of 11.48%. The high price target for GVA is $30.00 and the low price target for GVA is $10.00. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”
Granite Construction has received a consensus rating of Hold. The company’s average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $20.00, Granite Construction has a potential upside of 11.5% from its current price of $17.94. Granite Construction has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Granite Construction Inc. (NYSE:GVA)
Granite Construction pays a meaningful dividend of 2.90%, higher than the bottom 25% of all stocks that pay dividends. Granite Construction does not have a long track record of dividend growth. Based on earnings estimates, Granite Construction will have a dividend payout ratio of 26.40% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.
Insiders buying/selling: Granite Construction Inc. (NYSE:GVA)
In the past three months, Granite Construction insiders have not sold or bought any company stock. Only 1.00% of the stock of Granite Construction is held by insiders.
Earnings and Valuation of Granite Construction Inc. (NYSE:GVA
Earnings for Granite Construction are expected to grow in the coming year, from ($0.06) to $1.97 per share. The P/E ratio of Granite Construction is -7.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Granite Construction is -7.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Granite Construction has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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