StockNews.com cut shares of Great Lakes Dredge & Dock (NASDAQ:GLDD – Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.
Great Lakes Dredge & Dock Stock Up 0.2 %
Shares of Great Lakes Dredge & Dock stock opened at $9.46 on Friday. The company has a fifty day moving average price of $8.99 and a 200 day moving average price of $8.48. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.93. Great Lakes Dredge & Dock has a twelve month low of $6.11 and a twelve month high of $9.93. The stock has a market cap of $633.91 million, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 0.38 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, beating the consensus estimate of $0.06 by $0.25. The company had revenue of $198.66 million during the quarter, compared to the consensus estimate of $176.45 million. Great Lakes Dredge & Dock had a net margin of 6.05% and a return on equity of 8.83%. Equities research analysts forecast that Great Lakes Dredge & Dock will post 0.72 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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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