Research Analysts Set Expectations for GLDD Q1 Earnings

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) - Sidoti Csr lifted their Q1 2025 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a research note issued to investors on Wednesday, February 19th. Sidoti Csr analyst J. Romero now forecasts that the construction company will post earnings per share of $0.25 for the quarter, up from their previous forecast of $0.13. The consensus estimate for Great Lakes Dredge & Dock's current full-year earnings is $0.69 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock's Q2 2025 earnings at $0.05 EPS.

Great Lakes Dredge & Dock Stock Down 3.1 %

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

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $202.77 million during 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%.

Institutional Trading of Great Lakes Dredge & Dock

Several large investors have recently added to or reduced their stakes in GLDD. Sequoia Financial Advisors LLC acquired a new stake in Great Lakes Dredge & Dock during the 3rd quarter valued at $1,079,000. GSA Capital Partners LLP raised its stake in Great Lakes Dredge & Dock by 138.5% during the 3rd quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company's stock valued at $1,626,000 after purchasing an additional 89,684 shares during the period. Victory Capital Management Inc. raised its stake in Great Lakes Dredge & Dock by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company's stock valued at $1,298,000 after purchasing an additional 1,228 shares during the period. Minerva Advisors LLC increased its stake in Great Lakes Dredge & Dock by 1.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,341,807 shares of the construction company's stock valued at $14,116,000 after buying an additional 19,470 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new position in Great Lakes Dredge & Dock in the 3rd quarter valued at approximately $740,000. 89.11% of the stock is owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Company Profile

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.