Great Lakes Dredge & Dock (GLDD) to Release Earnings on Wednesday

Great Lakes Dredge & Dock (NASDAQ:GLDD) is expected to be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $211.20 million for the quarter.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $191.17 million for the quarter, compared to the consensus estimate of $180.80 million. Great Lakes Dredge & Dock had a return on equity of 13.35% and a net margin of 7.97%. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, analysts expect Great Lakes Dredge & Dock to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Great Lakes Dredge & Dock Stock Up 1.5 %

GLDD opened at $10.98 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $10.99. Great Lakes Dredge & Dock has a 52 week low of $6.55 and a 52 week high of $12.89. The stock has a market cap of $738.62 million, a PE ratio of 12.62, a P/E/G ratio of 0.36 and a beta of 1.16.

Insider Activity

In related news, Director Kathleen M. Shanahan sold 23,238 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $12.63, for a total transaction of $293,495.94. Following the transaction, the director now owns 67,675 shares of the company’s stock, valued at approximately $854,735.25. This trade represents a 25.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.10% of the company’s stock.

Great Lakes Dredge & Dock Company Profile

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.