Granite Construction (GVA) Misses Q2 EPS by 22c, Beats on Revenues; Increases 2017 / 2018 Growth Expectations

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Go back to Granite Construction (GVA) Misses Q2 EPS by 22c, Beats on Revenues; Increases 2017 / 2018 Growth Expectations

Granite Construction (GVA) PT Raised to $68 at FBR Capital on 2Q; 'Record Backlog Provides Strong Visibility'

August 1, 2017 3:18 PM EDT

FBR Capital raised its price target on Granite Construction (NYSE: GVA) to $68.00 (from $63.00) while maintaining a Outperform rating, following the company's second quarter earnings announcement.

Analyst Alex Rygiel notes the company delivered revenues above consensus projections, despite offering a miss on earnings per share... More