Sidoti Csr Has Negative Forecast for GLDD Q3 Earnings

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) - Sidoti Csr lowered their Q3 2025 earnings estimates for shares of Great Lakes Dredge & Dock in a research note issued on Wednesday, February 19th. Sidoti Csr analyst J. Romero now anticipates that the construction company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.24. The consensus estimate for Great Lakes Dredge & Dock's current full-year earnings is $0.81 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock's Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $0.70 EPS, Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.24 EPS, Q4 2026 earnings at $0.27 EPS and FY2026 earnings at $0.84 EPS.

Great Lakes Dredge & Dock Price Performance

Shares of NASDAQ GLDD traded down $0.27 during midday trading on Thursday, hitting $8.42. 681,475 shares of the company's stock were exchanged, compared to its average volume of 454,676. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. The business's fifty day moving average price is $11.33 and its two-hundred day moving average price is $11.08. The company has a market cap of $566.41 million, a price-to-earnings ratio of 10.02, a PEG ratio of 0.30 and a beta of 1.16. Great Lakes Dredge & Dock has a 12-month low of $6.55 and a 12-month high of $12.89.

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

Hedge Funds Weigh In On Great Lakes Dredge & Dock

A number of hedge funds and other institutional investors have recently bought and sold shares of GLDD. Castlekeep Investment Advisors LLC bought a new position in Great Lakes Dredge & Dock in the fourth quarter valued at $62,958,000. Dimensional Fund Advisors LP boosted its holdings in shares of Great Lakes Dredge & Dock by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,443,586 shares of the construction company's stock worth $50,168,000 after purchasing an additional 22,370 shares in the last quarter. Jennison Associates LLC increased its position in shares of Great Lakes Dredge & Dock by 1.9% during the 3rd quarter. Jennison Associates LLC now owns 4,333,438 shares of the construction company's stock valued at $45,631,000 after purchasing an additional 79,087 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Great Lakes Dredge & Dock by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,877,588 shares of the construction company's stock valued at $43,778,000 after buying an additional 27,610 shares in the last quarter. Finally, Harvey Partners LLC lifted its position in Great Lakes Dredge & Dock by 9.8% in the 3rd quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company's stock worth $38,408,000 after buying an additional 325,500 shares during the last quarter. Hedge funds and other institutional investors own 89.11% of the company's stock.

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.