StockNews.com upgraded shares of Great Lakes Dredge & Dock (NASDAQ:GLDD – Free Report) from a hold rating to a buy rating in a report published on Thursday morning.
Great Lakes Dredge & Dock Stock Performance
NASDAQ:GLDD opened at $8.68 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 0.93. Great Lakes Dredge & Dock has a fifty-two week low of $6.11 and a fifty-two week high of $9.78. The firm’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $8.37. The stock has a market cap of $581.65 million, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.34 and a beta of 1.14.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.25. The firm had revenue of $198.66 million during the quarter, compared to analysts’ expectations of $176.45 million. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. Analysts expect that Great Lakes Dredge & Dock will post 0.72 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Great Lakes Dredge & Dock Company Profile
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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