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4-Traders Homepage  >  Equities  >  Nyse  >  Granite Construction Inc.    GVA

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Granite Construction : Awarded $36 Million Site Development Project in California

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06/15/2017 | 11:35pm CEST

By a News Reporter-Staff News Editor at Real Estate Weekly News -- Granite Construction Incorporated (NYSE:GVA) announced that it has been awarded a $36 million contract by the California Department of Transportation ("Caltrans") for the Interstate 15 Agriculture Inspection Station project in Nipton, California near the Nevada/California border. Granite will book the contract into its second quarter 2017 backlog.

Granite is responsible for earthwork, asphalt paving, bridge work, concrete paving, and the construction of five buildings along with related landscaping, striping, guardrail and fencing. This new facility is the second phase of the Joint Port of Entry Project serving incoming traffic on southbound Interstate 15 into California.

Construction is scheduled to begin in the third quarter of 2017 and is scheduled to be complete by second quarter of 2018. About Granite Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation's largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World's Most Ethical Companies by Ethisphere Institute for eight consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170608006233/en/

Keywords for this news article include: Heavy Construction Companies, Granite Construction Incorporated.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Business Newsletters

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Financials ($)
Sales 2017 2 818 M
EBIT 2017 115 M
Net income 2017 74,0 M
Finance 2017 75,6 M
Yield 2017 1,10%
P/E ratio 2017 25,96
P/E ratio 2018 15,48
EV / Sales 2017 0,64x
EV / Sales 2018 0,54x
Capitalization 1 878 M
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 64,3 $
Spread / Average Target 36%
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James Hildebrand Roberts President, Chief Executive Officer & Director
William Howard Powell Chairman
Christopher S. Miller Chief Operating Officer & Executive Vice President
Laurel J. Krzeminski Chief Financial Officer & Executive Vice President
David H. Kelsey Independent Director
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