Great Lakes Dredge & Dock (NASDAQ:GLDD) Announces Earnings Results, Beats Estimates By $0.06 EPS

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) posted its earnings results on Tuesday. The construction company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.06, Zacks reports. The company had revenue of $202.77 million for the quarter, compared to analysts' expectations of $211.20 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%.

Great Lakes Dredge & Dock Trading Down 3.1 %

Shares of Great Lakes Dredge & Dock stock traded down $0.27 on Friday, reaching $8.42. The company had a trading volume of 681,475 shares, compared to its average volume of 461,048. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a market cap of $566.43 million, a PE ratio of 10.02, a PEG ratio of 1.06 and a beta of 1.16. The firm's 50 day moving average price is $11.33 and its two-hundred day moving average price is $11.08. Great Lakes Dredge & Dock has a 52-week low of $6.55 and a 52-week high of $12.89.

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.