Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) will release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Great Lakes Dredge & Dock to post earnings of $0.18 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its earnings results on Tuesday, August 6th. The construction company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. Great Lakes Dredge & Dock had a return on equity of 10.05% and a net margin of 6.61%. The business had revenue of $170.09 million for the quarter, compared to the consensus estimate of $165.00 million. During the same period last year, the business posted $0.03 EPS. On average, analysts expect Great Lakes Dredge & Dock to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Great Lakes Dredge & Dock Stock Performance
NASDAQ:GLDD traded down $0.18 during midday trading on Wednesday, reaching $11.47. 333,913 shares of the company traded hands, compared to its average volume of 423,628. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.32 and a quick ratio of 1.13. Great Lakes Dredge & Dock has a twelve month low of $6.11 and a twelve month high of $12.31. The company has a fifty day moving average price of $10.59 and a 200 day moving average price of $9.36. The firm has a market capitalization of $768.59 million, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 0.41 and a beta of 1.15.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. StockNews.com downgraded Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Noble Financial boosted their target price on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd.
Check Out Our Latest Stock Analysis on Great Lakes Dredge & Dock
Insider Buying and Selling at Great Lakes Dredge & Dock
In other Great Lakes Dredge & Dock news, CEO Lasse Petterson sold 28,709 shares of Great Lakes Dredge & Dock stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $9.24, for a total transaction of $265,271.16. Following the completion of the transaction, the chief executive officer now owns 902,392 shares of the company's stock, valued at $8,338,102.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 128,990 shares of company stock worth $1,174,747. Insiders own 2.20% of the company's stock.
About Great Lakes Dredge & Dock
(
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Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.
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