Great Lakes Dredge and Dock (GLDD) Earns Daily Coverage Optimism Rating of 0.33

Headlines about Great Lakes Dredge and Dock (NASDAQ:GLDD) have been trending positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Great Lakes Dredge and Dock earned a news impact score of 0.33 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.0098555801811 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of NASDAQ GLDD remained flat at $$4.60 during midday trading on Thursday. The stock had a trading volume of 175,297 shares, compared to its average volume of 203,351. The company has a market capitalization of $274.73, a P/E ratio of -17.04 and a beta of 0.80. Great Lakes Dredge and Dock has a 52-week low of $3.60 and a 52-week high of $5.70. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.51 and a current ratio of 1.75.

Great Lakes Dredge and Dock (NASDAQ:GLDD) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.06. The firm had revenue of $191.70 million during the quarter, compared to the consensus estimate of $181.90 million. Great Lakes Dredge and Dock had a negative return on equity of 6.64% and a negative net margin of 4.45%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) earnings per share. equities analysts expect that Great Lakes Dredge and Dock will post -0.15 EPS for the current year.

A number of brokerages have weighed in on GLDD. Cantor Fitzgerald reiterated a “hold” rating on shares of Great Lakes Dredge and Dock in a report on Sunday, December 31st. BidaskClub upgraded Great Lakes Dredge and Dock from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Zacks Investment Research upgraded Great Lakes Dredge and Dock from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Finally, Noble Financial assumed coverage on Great Lakes Dredge and Dock in a report on Thursday, January 25th. They set a “buy” rating and a $7.50 price objective for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.00.

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Great Lakes Dredge and Dock Company Profile

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. It operates through two segments, Dredging, and Environmental & Infrastructure. The Dredging segment is involved 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.

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