Granite Construction Inc. (NYSE: GVA) has reported E.P.S. of $1.81 for its third fiscal quarter (ending September 30) versus $1.31 for the same period a year ago — an increase of 38%. E.P.S. were $2.52 for the latest four quarters through September 30 versus $0.90 for the same period a year ago — an increase of 180%.
Recent Price Action
Granite Construction Inc. (NYSE: GVA) stock closed at $84.05 on 10/31/24 after a large increase of 2.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 287% of normal. The stock has risen 1.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Granite Construction has a poor Appreciation Score of 28 but a very high Power Rating of 100, 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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