Great Lakes Dredge & Dock (NASDAQ:GLDD) will be posting its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Great Lakes Dredge & Dock to post earnings of $0.12 per share for the quarter.
Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.25. The business had revenue of $192.60 million during the quarter, compared to the consensus estimate of $180.20 million. Great Lakes Dredge & Dock had a return on equity of 18.05% and a net margin of 2.80%. The business’s revenue for the quarter was up 44.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS.
Shares of GLDD stock traded up $0.05 on Tuesday, reaching $10.42. 18,471 shares of the stock were exchanged, compared to its average volume of 562,891. The stock has a market cap of $674.23 million, a PE ratio of 28.95 and a beta of 0.65. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 1.58. The stock’s 50 day moving average price is $10.94. Great Lakes Dredge & Dock has a 1-year low of $4.85 and a 1-year high of $11.81.
In related news, Director Ryan Levenson sold 555,117 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $10.93, for a total value of $6,067,428.81. Following the completion of the sale, the director now directly owns 35,816 shares in the company, valued at approximately $391,468.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David E. Simonelli sold 4,059 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $10.40, for a total value of $42,213.60. Following the completion of the sale, the insider now owns 322,298 shares of the company’s stock, valued at $3,351,899.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,039,777 shares of company stock valued at $11,357,977. Insiders own 4.66% of the company’s stock.
A number of analysts have recently commented on the company. Noble Financial restated a “buy” rating and set a $12.10 price objective on shares of Great Lakes Dredge & Dock in a report on Thursday, June 20th. Zacks Investment Research downgraded W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, BidaskClub upgraded Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.55.
About Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company is involved 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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