StockNews.com upgraded shares of Great Lakes Dredge & Dock (NASDAQ:GLDD – Free Report) from a hold rating to a buy rating in a research report released on Thursday morning.
Great Lakes Dredge & Dock Stock Up 0.7 %
GLDD stock opened at $8.68 on Thursday. The company has a market capitalization of $581.65 million, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 0.34 and a beta of 1.14. Great Lakes Dredge & Dock has a 12 month low of $6.11 and a 12 month high of $9.78. The firm’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $8.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.25 and a quick ratio of 1.06.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last posted its earnings results on Tuesday, May 7th. The construction company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.06 by $0.25. The firm had revenue of $198.66 million for the quarter, compared to analyst estimates of $176.45 million. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. As a group, equities research analysts forecast that Great Lakes Dredge & Dock will post 0.72 earnings per share for the current year.
Institutional Investors Weigh In On Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Company Profile
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.
Read More
- Five stocks we like better than Great Lakes Dredge & Dock
- When to Sell a Stock for Profit or Loss
- Top 3 Defense Stocks That Should Be on Your Radar
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- How to Start Investing in Real Estate
- MarketBeat Week in Review – 7/8 – 7/12
Receive News & Ratings for Great Lakes Dredge & Dock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Lakes Dredge & Dock and related companies with MarketBeat.com's FREE daily email newsletter.