Great Lakes Dredge & Dock Corporation (GLDD) to Release Earnings on Tuesday
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is scheduled to post its quarterly earnings results on Tuesday, October 31st. Analysts expect Great Lakes Dredge & Dock Corporation to post earnings of $0.11 per share for the quarter.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $176.90 million during the quarter, compared to analyst estimates of $201.70 million. Great Lakes Dredge & Dock Corporation had a negative net margin of 2.62% and a positive return on equity of 1.00%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. On average, analysts expect Great Lakes Dredge & Dock Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Great Lakes Dredge & Dock Corporation (GLDD) opened at 5.05 on Tuesday. The firm’s market capitalization is $310.10 million. Great Lakes Dredge & Dock Corporation has a 1-year low of $3.05 and a 1-year high of $5.45. The firm has a 50-day moving average of $4.85 and a 200-day moving average of $4.37.
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In related news, CEO Lasse Petterson bought 42,610 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $3.92 per share, with a total value of $167,031.20. Following the purchase, the chief executive officer now owns 391,786 shares in the company, valued at $1,535,801.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 291,904 shares of company stock worth $1,095,805. 8.24% of the stock is owned by corporate insiders.
GLDD has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $6.50 price objective on shares of Great Lakes Dredge & Dock Corporation in a report on Tuesday, July 11th. ValuEngine cut shares of Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, BidaskClub cut shares of Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
Great Lakes Dredge & Dock Corporation Company Profile
Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors.
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