What is Noble Financial's Forecast for GLDD Q1 Earnings?

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) - Investment analysts at Noble Financial issued their Q1 2025 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a note issued to investors on Wednesday, February 19th. Noble Financial analyst J. Gomes expects that the construction company will earn $0.25 per share for the quarter. The consensus estimate for Great Lakes Dredge & Dock's current full-year earnings is $0.69 per share. Noble Financial also issued estimates for Great Lakes Dredge & Dock's Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.10 EPS, FY2025 earnings at $0.67 EPS and FY2026 earnings at $0.86 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. The business had revenue of $202.77 million for the quarter, compared to analyst estimates of $211.20 million. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%.

Great Lakes Dredge & Dock Stock Performance

Shares of NASDAQ:GLDD traded down $0.27 during midday trading on Friday, hitting $8.42. The company's stock had a trading volume of 681,475 shares, compared to its average volume of 461,048. The stock has a market capitalization of $566.43 million, a price-to-earnings ratio of 10.02, a PEG ratio of 1.06 and a beta of 1.16. The stock's 50 day simple moving average is $11.26 and its 200 day simple moving average is $11.10. Great Lakes Dredge & Dock has a fifty-two week low of $6.55 and a fifty-two week high of $12.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21.

Institutional Investors Weigh In On Great Lakes Dredge & Dock

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC grew its position in shares of Great Lakes Dredge & Dock by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 235,282 shares of the construction company's stock valued at $2,623,000 after purchasing an additional 979 shares during the last quarter. Victory Capital Management Inc. grew its position in Great Lakes Dredge & Dock by 1.0% during the third quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company's stock worth $1,298,000 after buying an additional 1,228 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Great Lakes Dredge & Dock by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,537 shares of the construction company's stock valued at $424,000 after acquiring an additional 1,235 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Great Lakes Dredge & Dock by 5.7% in the 4th quarter. Hsbc Holdings PLC now owns 39,984 shares of the construction company's stock worth $453,000 after acquiring an additional 2,150 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Great Lakes Dredge & Dock by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 39,877 shares of the construction company's stock worth $450,000 after acquiring an additional 2,213 shares during the period. 89.11% of the stock is owned by institutional investors and hedge funds.

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.