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

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Granite Construction : Subsidiary Awarded $21 Million Bridge Reconstruction Project in Chicago

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08/17/2017 | 02:31pm CEST

Granite Construction Incorporated (NYSE:GVA) announced today that its wholly-owned subsidiary, Kenny Construction Company (“Kenny”), has been awarded a $21 million contract by the Illinois Department of Transportation for the reconstruction and widening of the Van Buren Street Bridge in Chicago, Illinois. The contract will be included in Granite’s third quarter 2017 backlog.

Kenny will be responsible for the replacement of the Van Buren Street Bridge over Interstate 90/94, construction of a retaining wall at the northwest quadrant of the Jane Byrne Interchange, improvements to the southeast corner of Elysian Field, and relocation of the existing Greektown monument from Quincy Street to the project site.

Work is scheduled to begin in August 2017 and be complete by September 2019.

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.


© Business Wire 2017
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Financials ($)
Sales 2017 2 914 M
EBIT 2017 102 M
Net income 2017 64,9 M
Finance 2017 67,5 M
Yield 2017 1,05%
P/E ratio 2017 31,57
P/E ratio 2018 15,87
EV / Sales 2017 0,65x
EV / Sales 2018 0,55x
Capitalization 1 968 M
Chart GRANITE CONSTRUCTION INC.
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Granite Construction Inc. Technical Analysis Chart | GVA | US3873281071 | 4-Traders
Technical analysis trends GRANITE CONSTRUCTION INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 65,2 $
Spread / Average Target 32%
EPS Revisions
Managers
NameTitle
James Hildebrand Roberts President, Chief Executive Officer & Director
William Howard Powell Chairman
Laurel J. Krzeminski Chief Financial Officer & Executive Vice President
David H. Kelsey Independent Director
James W. Bradford Independent Director
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