Granite Real Estate Inc. (NASDAQ:GRP.U) Expected to Announce Earnings of $0.67 Per Share

Wall Street analysts forecast that Granite Real Estate Inc. (NASDAQ:GRP.U) will announce earnings per share of $0.67 for the current quarter, according to Zacks. Zero analysts have provided estimates for Granite Real Estate’s earnings. Granite Real Estate posted earnings per share of $0.50 in the same quarter last year, which would suggest a positive year-over-year growth rate of 34%. The firm is expected to announce its next earnings results after the market closes on Wednesday, July 31st.

On average, analysts expect that Granite Real Estate will report full-year earnings of $2.68 per share for the current financial year, with EPS estimates ranging from $2.66 to $2.69. For the next year, analysts anticipate that the business will report earnings of $2.86 per share, with EPS estimates ranging from $2.85 to $2.86. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Granite Real Estate.

Granite Real Estate (NASDAQ:GRP.U) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.64. The business had revenue of $47.71 million for the quarter.

A number of equities analysts have recently weighed in on GRP.U shares. Desjardins reiterated a “hold” rating on shares of Granite Real Estate in a report on Tuesday, April 30th. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

Granite Real Estate has a twelve month low of $36.43 and a twelve month high of $49.18. The business has a fifty day moving average price of $46.07.

The firm also recently declared a dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.178 per share. The ex-dividend date is Tuesday, July 30th. This is a boost from Granite Real Estate’s previous dividend of $0.17.

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