What is Sidoti Csr’s Forecast for GLDD FY2025 Earnings?

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Research analysts at Sidoti Csr cut their FY2025 earnings per share estimates for shares of Great Lakes Dredge & Dock in a research note issued on Tuesday, January 20th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings per share of $1.09 for the year, down from their prior estimate of $1.12. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.69 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock’s Q4 2025 earnings at $0.20 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Great Lakes Dredge & Dock had a return on equity of 16.84% and a net margin of 9.65%.The firm had revenue of $195.21 million during the quarter, compared to analysts’ expectations of $201.30 million.

Several other research analysts also recently commented on GLDD. Weiss Ratings upgraded shares of Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on Great Lakes Dredge & Dock in a research report on Thursday. They issued an “overweight” rating and a $20.00 price target on the stock. Zacks Research lowered Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, CJS Securities upgraded Great Lakes Dredge & Dock to a “strong-buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Great Lakes Dredge & Dock has a consensus rating of “Buy” and a consensus target price of $20.00.

Great Lakes Dredge & Dock Price Performance

Shares of Great Lakes Dredge & Dock stock opened at $15.41 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $13.38 and a 200-day simple moving average of $12.23. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.16 and a beta of 1.40. Great Lakes Dredge & Dock has a 1-year low of $7.51 and a 1-year high of $16.72.

Insiders Place Their Bets

In related news, SVP David Johanson sold 2,100 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $13.96, for a total transaction of $29,316.00. Following the transaction, the senior vice president directly owned 91,963 shares in the company, valued at $1,283,803.48. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Great Lakes Dredge & Dock

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Great Lakes Dredge & Dock by 231.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,111 shares of the construction company’s stock valued at $28,000 after purchasing an additional 1,474 shares during the period. Apollon Wealth Management LLC acquired a new stake in Great Lakes Dredge & Dock during the fourth quarter worth $175,000. Canton Hathaway LLC increased its holdings in Great Lakes Dredge & Dock by 9.1% in the 4th quarter. Canton Hathaway LLC now owns 46,700 shares of the construction company’s stock valued at $613,000 after buying an additional 3,900 shares during the period. Perigon Wealth Management LLC bought a new stake in Great Lakes Dredge & Dock in the 4th quarter valued at $132,000. Finally, Mirabaud & Cie SA acquired a new position in shares of Great Lakes Dredge & Dock in the 4th quarter valued at $157,000. Institutional investors and hedge funds own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.