What is Noble Financial’s Forecast for GLDD Q1 Earnings?

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Stock analysts at Noble Financial issued their Q1 2026 earnings per share (EPS) estimates for Great Lakes Dredge & Dock in a research note issued to investors on Thursday, January 29th. Noble Financial analyst J. Gomes anticipates that the construction company will post earnings per share of $0.35 for the quarter. Noble Financial currently has a “Outperform” rating on the stock. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.69 per share. Noble Financial also issued estimates for Great Lakes Dredge & Dock’s Q2 2026 earnings at $0.19 EPS, Q3 2026 earnings at $0.24 EPS and Q4 2026 earnings at $0.30 EPS.

Several other brokerages have also recently weighed in on GLDD. Weiss Ratings raised shares of Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 21st. CJS Securities raised shares of Great Lakes Dredge & Dock to a “strong-buy” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. initiated coverage on shares of Great Lakes Dredge & Dock in a report on Thursday, January 22nd. They issued an “overweight” rating and a $20.00 price objective on the stock. Wall Street Zen downgraded shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Finally, Zacks Research lowered Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $20.00.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD opened at $14.98 on Friday. Great Lakes Dredge & Dock has a 1 year low of $7.51 and a 1 year high of $16.72. The stock has a market capitalization of $1.02 billion, a PE ratio of 12.70, a PEG ratio of 1.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.20. The stock has a 50-day simple moving average of $13.71 and a 200-day simple moving average of $12.37.

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

Hedge Funds Weigh In On Great Lakes Dredge & Dock

Several hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its stake in Great Lakes Dredge & Dock by 231.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,111 shares of the construction company’s stock worth $28,000 after buying an additional 1,474 shares during the last quarter. MAI Capital Management increased its position in Great Lakes Dredge & Dock by 79.2% during the third quarter. MAI Capital Management now owns 2,161 shares of the construction company’s stock worth $26,000 after buying an additional 955 shares during the period. State of Alaska Department of Revenue purchased a new stake in Great Lakes Dredge & Dock in the third quarter valued at approximately $46,000. Finally, Federated Hermes Inc. lifted its stake in Great Lakes Dredge & Dock by 43.5% in the second quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock valued at $61,000 after buying an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Johanson sold 2,100 shares of Great Lakes Dredge & Dock stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $13.96, for a total transaction of $29,316.00. Following the sale, the senior vice president directly owned 91,963 shares in the company, valued at $1,283,803.48. This trade represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

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.