Sidoti Csr Issues Positive Outlook for GLDD Earnings

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) – Sidoti Csr boosted their Q1 2025 earnings per share estimates for shares of Great Lakes Dredge & Dock in a report released on Wednesday, February 19th. Sidoti Csr analyst J. Romero now anticipates that the construction company will earn $0.25 per share for the quarter, up from their previous estimate of $0.13. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.81 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock’s Q2 2025 earnings at $0.05 EPS.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD opened at $8.42 on Friday. Great Lakes Dredge & Dock has a 12-month low of $6.55 and a 12-month high of $12.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 1.01. The business’s fifty day moving average price is $11.33 and its 200 day moving average price is $11.08. The stock has a market capitalization of $566.41 million, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.16.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new position in shares of Great Lakes Dredge & Dock during the fourth quarter valued at $223,000. Castlekeep Investment Advisors LLC acquired a new position in Great Lakes Dredge & Dock during the fourth quarter worth about $5,521,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Great Lakes Dredge & Dock by 14.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,724 shares of the construction company’s stock worth $2,752,000 after acquiring an additional 30,394 shares during the period. Squarepoint Ops LLC grew its holdings in Great Lakes Dredge & Dock by 70.6% during the fourth quarter. Squarepoint Ops LLC now owns 61,538 shares of the construction company’s stock worth $695,000 after acquiring an additional 25,472 shares during the period. Finally, Seven Six Capital Management LLC acquired a new position in Great Lakes Dredge & Dock during the fourth quarter worth about $3,744,000. 89.11% of the stock is owned by institutional investors and hedge funds.

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.