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

Great Lakes Dredge & Dock (NASDAQ:GLDD) announced its quarterly earnings results on Tuesday. The construction company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08, Yahoo Finance reports. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. The company had revenue of $170.09 million during the quarter, compared to analysts’ expectations of $165.00 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share.

Great Lakes Dredge & Dock Stock Up 3.8 %

Shares of NASDAQ:GLDD traded up $0.33 on Thursday, reaching $8.91. The company had a trading volume of 302,900 shares, compared to its average volume of 404,410. Great Lakes Dredge & Dock has a twelve month low of $6.11 and a twelve month high of $9.93. The stock has a 50-day moving average price of $8.92 and a 200 day moving average price of $8.56. The stock has a market capitalization of $597.05 million, a P/E ratio of 15.63, a P/E/G ratio of 0.36 and a beta of 1.14. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 0.93.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Great Lakes Dredge & Dock from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.