Great Lakes Dredge & Dock (GLDD) Scheduled to Post Earnings on Tuesday

Great Lakes Dredge & Dock (NASDAQ:GLDD) will announce its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its earnings results on Tuesday, May 7th. The construction company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.25. The business had revenue of $198.66 million for the quarter, compared to analyst estimates of $176.45 million. Great Lakes Dredge & Dock had a net margin of 6.05% and a return on equity of 8.83%. On average, analysts expect Great Lakes Dredge & Dock to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Great Lakes Dredge & Dock Stock Performance

Shares of NASDAQ:GLDD opened at $9.43 on Thursday. The firm has a market cap of $631.90 million, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. The firm’s 50 day simple moving average is $8.98 and its 200-day simple moving average is $8.52. Great Lakes Dredge & Dock has a one year low of $6.11 and a one year high of $9.93. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.06 and a current ratio of 1.25.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th.

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages 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.