Great Lakes Dredge & Dock Corp. (GLDD) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) announced its earnings results on Tuesday. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $184.70 million for the quarter, compared to the consensus estimate of $189.15 million. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 25.5% on a year-over-year basis.
Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) opened at 7.10 on Tuesday. Great Lakes Dredge & Dock Corp. has a 52-week low of $6.28 and a 52-week high of $9.44. The stock’s 50-day moving average is $7.74 and its 200-day moving average is $8.. The company’s market cap is $424.7 million.
On a related note, analysts at Imperial Capital reiterated an “outperform” rating on shares of Great Lakes Dredge & Dock Corp. in a research note on Wednesday, May 7th. They now have a $10.50 price target on the stock, down previously from $11.50.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is a provider of dredging services in the United States.
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