Great Lakes Dredge & Dock (NASDAQ:GLDD) Announces Earnings Results

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

Great Lakes Dredge & Dock Trading Down 7.3 %

NASDAQ GLDD opened at $8.32 on Thursday. Great Lakes Dredge & Dock has a one year low of $6.55 and a one year high of $12.89. The company has a 50-day simple moving average of $11.40 and a 200-day simple moving average of $11.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a market capitalization of $559.69 million, a PE ratio of 10.24, a price-to-earnings-growth ratio of 0.29 and a beta of 1.16.

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.