For its second fiscal quarter (ending June 30), Granite Construction Inc. (NYSE: GVA) has reported E.P.S. of $0.84 compared to $-0.39 a year ago. E.P.S. were $2.03 for the latest four quarters through June 30 versus $1.17 for the same period a year ago.
Recent Price Action
On 8/1/24, Granite Construction Inc. (NYSE: GVA) stock increased 1.4%, closing at $69.39. Moreover, unusually high trading volume at 152% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
GVA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Granite Construction has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Granite Construction has a slightly negative Appreciation Score of 33 but a very high Power Rating of 97, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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