StockNews.com downgraded shares of Great Lakes Dredge & Dock (NASDAQ:GLDD – Free Report) from a buy rating to a hold rating in a report published on Friday.
Great Lakes Dredge & Dock Price Performance
Shares of GLDD opened at $9.48 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $8.99 and its 200-day simple moving average is $8.44. The firm has a market capitalization of $635.25 million, a price-to-earnings ratio of 16.63, a PEG ratio of 0.37 and a beta of 1.14. Great Lakes Dredge & Dock has a twelve month low of $6.11 and a twelve month high of $9.78.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The construction company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.25. The company had revenue of $198.66 million for the quarter, compared to analysts’ expectations of $176.45 million. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. Equities analysts forecast that Great Lakes Dredge & Dock will post 0.72 EPS for the current fiscal year.
Hedge Funds 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.
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