Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 2nd.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last issued its quarterly earnings results on Wednesday, May 3rd. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.02. Great Lakes Dredge & Dock Corporation had a negative return on equity of 0.23% and a negative net margin of 2.70%. The business had revenue of $170.59 million during the quarter, compared to analyst estimates of $170.10 million. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts expect Great Lakes Dredge & Dock Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Great Lakes Dredge & Dock Corporation (GLDD) opened at 3.95 on Tuesday. The firm has a 50-day moving average price of $4.15 and a 200-day moving average price of $4.43. Great Lakes Dredge & Dock Corporation has a 52 week low of $3.05 and a 52 week high of $5.45. The firm’s market capitalization is $242.02 million.
In other news, Director Robert B. Uhler bought 10,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were bought at an average cost of $4.55 per share, with a total value of $45,500.00. Following the transaction, the director now directly owns 92,311 shares in the company, valued at approximately $420,015.05. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.24% of the company’s stock.
Several research analysts recently weighed in on GLDD shares. Cantor Fitzgerald reissued a “buy” rating and set a $6.50 price target on shares of Great Lakes Dredge & Dock Corporation in a research report on Tuesday, July 11th. ValuEngine lowered Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BidaskClub lowered Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Great Lakes Dredge & Dock Corporation presently has an average rating of “Hold” and an average price target of $4.83.
About Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors.
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