Great Lakes Dredge & Dock (NASDAQ:GLDD) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Great Lakes Dredge & Dock (NASDAQ:GLDD) posted its earnings results on Tuesday. The construction company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $170.09 million for the quarter, compared to analyst estimates of $165.00 million. During the same quarter in the prior year, the company earned $0.03 EPS.

Great Lakes Dredge & Dock Stock Up 0.2 %

GLDD traded up $0.02 on Wednesday, hitting $8.58. 616,963 shares of the company were exchanged, compared to its average volume of 405,081. 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 company has a market cap of $574.94 million, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. The firm has a 50-day moving average price of $8.92 and a two-hundred day moving average price of $8.56. Great Lakes Dredge & Dock has a twelve month low of $6.11 and a twelve month high of $9.93.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Great Lakes Dredge & Dock from a “hold” rating to a “buy” rating in a research note 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.