Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.
Great Lakes Dredge & Dock Stock Performance
GLDD stock traded up $0.02 during midday trading on Wednesday, hitting $8.58. 616,963 shares of the stock traded hands, compared to its average volume of 405,081. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.25 and a quick ratio of 1.06. The firm has a market cap of $574.94 million, a P/E ratio of 15.05, a PEG ratio of 0.36 and a beta of 1.14. Great Lakes Dredge & Dock has a 1-year low of $6.11 and a 1-year high of $9.93. The stock’s fifty day simple moving average is $8.92 and its 200-day simple moving average is $8.56.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. The business had revenue of $170.09 million for the quarter, compared to the consensus estimate of $165.00 million. Great Lakes Dredge & Dock had a net margin of 6.05% and a return on equity of 8.83%. During the same period last year, the firm posted $0.03 earnings per share. On average, analysts expect that Great Lakes Dredge & Dock will post 0.72 earnings per share for the current year.
Hedge Funds Weigh In On Great Lakes Dredge & Dock
About Great Lakes Dredge & Dock
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.
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