Great Lakes Dredge & Dock (NASDAQ:GLDD) Announces Quarterly Earnings Results

Great Lakes Dredge & Dock (NASDAQ:GLDD) issued its quarterly earnings data on Tuesday. The construction company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06, Zacks reports. Great Lakes Dredge & Dock had a return on equity of 13.35% and a net margin of 7.97%.

Great Lakes Dredge & Dock Price Performance

Shares of GLDD opened at $8.98 on Wednesday. The business’s 50-day moving average is $11.55 and its two-hundred day moving average is $11.11. The company has a market capitalization of $604.08 million, a P/E ratio of 10.32, a P/E/G ratio of 0.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. Great Lakes Dredge & Dock has a fifty-two week low of $6.55 and a fifty-two week high of $12.89.

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.