Great Lakes Dredge & Dock (NASDAQ:GLDD) Announces Earnings Results, Beats Expectations By $0.06 EPS

Great Lakes Dredge & Dock (NASDAQ:GLDD) issued its quarterly earnings results on Tuesday. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Stock Performance

Shares of Great Lakes Dredge & Dock stock opened at $10.15 on Tuesday. The firm has a market cap of $682.59 million, a P/E ratio of 11.92, a P/E/G ratio of 0.37 and a beta of 1.16. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. Great Lakes Dredge & Dock has a 12 month low of $6.55 and a 12 month high of $12.89. The stock’s fifty day moving average price is $11.55 and its 200-day moving average price is $11.11.

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.