Granite Construction (GVA) Set to Release Earnings on Thursday

Granite Construction (NYSE:GVA) will likely be issuing its Q3 2026 results before the market opens on Thursday, October 29th. Analysts expect Granite Construction to post earnings of $3.27 per share and revenue of $1.70 billion for the quarter. Investors may visit the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 29, 2026 at 11:00 AM ET.

Granite Construction (NYSE:GVA) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.09). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.41 billion. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. On average, analysts expect Granite Construction to post $6.36 EPS for the current fiscal year and $8.24 EPS for the next fiscal year.

Granite Construction Price Performance

Shares of NYSE:GVA traded up $0.38 during midday trading on Wednesday, reaching $110.86. The company had a trading volume of 12,906 shares, compared to its average volume of 714,340. The stock has a market capitalization of $4.85 billion, a P/E ratio of -25.69 and a beta of 1.34. Granite Construction has a one year low of $97.26 and a one year high of $162.08. The stock’s fifty day moving average price is $116.13 and its 200-day moving average price is $126.43.

Granite Construction Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Granite Construction’s payout ratio is currently -12.06%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Granite Construction from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. The Goldman Sachs Group reduced their target price on shares of Granite Construction from $139.00 to $119.00 and set a “sell” rating for the company in a research note on Friday, July 31st. Weiss Ratings lowered Granite Construction from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, September 2nd. Finally, Wall Street Zen lowered shares of Granite Construction from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Granite Construction currently has a consensus rating of “Hold” and a consensus price target of $158.50.

Insider Transactions at Granite Construction

In other Granite Construction news, Director Carlos M. Hernandez purchased 400 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $123.99 per share, with a total value of $49,596.00. Following the completion of the transaction, the director directly owned 5,033 shares of the company’s stock, valued at approximately $624,041.67. This trade represents a 8.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by corporate insiders.

About Granite Construction

Granite Construction Incorporated (NYSE:GVA) is an infrastructure construction company that provides engineering, construction and rehabilitation services for public and private-sector clients. The company’s work supports transportation, water and other essential infrastructure projects across the United States.

Granite’s transportation activities include the construction and maintenance of highways, roads, bridges, airports, rail systems and other transit facilities. Its water-related services include the development and improvement of water treatment and distribution systems, wastewater facilities, dams, pipelines and related infrastructure.