Q1 Earnings Estimate for GLDD Issued By Noble Financial

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) – Stock analysts at Noble Financial issued their Q1 2025 earnings per share estimates for shares of Great Lakes Dredge & Dock in a research note issued on Wednesday, February 19th. Noble Financial analyst J. Gomes forecasts that the construction company will post earnings of $0.25 per share for the quarter. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.81 per share. Noble Financial also issued estimates for Great Lakes Dredge & Dock’s Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.10 EPS, FY2025 earnings at $0.67 EPS and FY2026 earnings at $0.86 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $202.77 million during the quarter, compared to the consensus estimate of $211.20 million. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%.

Great Lakes Dredge & Dock Price Performance

GLDD stock opened at $8.42 on Friday. The company has a market capitalization of $566.41 million, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. Great Lakes Dredge & Dock has a 52-week low of $6.55 and a 52-week high of $12.89. The business has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $11.08.

Hedge Funds Weigh In On Great Lakes Dredge & Dock

Several institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its stake in Great Lakes Dredge & Dock by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 235,282 shares of the construction company’s stock valued at $2,623,000 after purchasing an additional 979 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Great Lakes Dredge & Dock by 1.0% in the third quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company’s stock valued at $1,298,000 after purchasing an additional 1,228 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Great Lakes Dredge & Dock by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,537 shares of the construction company’s stock worth $424,000 after acquiring an additional 1,235 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Great Lakes Dredge & Dock by 5.7% in the fourth quarter. Hsbc Holdings PLC now owns 39,984 shares of the construction company’s stock worth $453,000 after acquiring an additional 2,150 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Great Lakes Dredge & Dock by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 39,877 shares of the construction company’s stock worth $450,000 after acquiring an additional 2,213 shares during the period. Hedge funds and other institutional investors own 89.11% of the company’s stock.

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.