What is Noble Financial’s Estimate for GLDD FY2025 Earnings?

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Research analysts at Noble Financial lowered their FY2025 earnings estimates for shares of Great Lakes Dredge & Dock in a report released on Thursday, January 29th. Noble Financial analyst J. Gomes now forecasts that the construction company will post earnings per share of $1.11 for the year, down from their prior estimate of $1.15. 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 Q4 2025 earnings at $0.22 EPS and FY2026 earnings at $1.09 EPS.

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

Great Lakes Dredge & Dock Price Performance

GLDD opened at $14.98 on Monday. Great Lakes Dredge & Dock has a twelve month low of $7.51 and a twelve month high of $16.72. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.13 and a beta of 1.42. 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 company has a fifty day simple moving average of $13.71 and a 200 day simple moving average of $12.38.

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

Insider Activity at Great Lakes Dredge & Dock

In other news, SVP David Johanson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $13.02, for a total value of $130,200.00. Following the completion of the sale, the senior vice president directly owned 94,063 shares in the company, valued at approximately $1,224,700.26. The trade was a 9.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Great Lakes Dredge & Dock

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its holdings in shares of Great Lakes Dredge & Dock by 228.7% during the third quarter. Millennium Management LLC now owns 1,146,135 shares of the construction company’s stock valued at $13,742,000 after purchasing an additional 797,411 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Great Lakes Dredge & Dock by 680.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 841,140 shares of the construction company’s stock valued at $10,253,000 after acquiring an additional 733,312 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Great Lakes Dredge & Dock by 404.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 492,191 shares of the construction company’s stock valued at $6,000,000 after acquiring an additional 394,543 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Great Lakes Dredge & Dock by 641.3% during the third quarter. Qube Research & Technologies Ltd now owns 381,365 shares of the construction company’s stock valued at $4,573,000 after buying an additional 329,922 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Great Lakes Dredge & Dock in the second quarter worth $2,932,000. Institutional investors and hedge funds own 89.11% of the company’s stock.

About Great Lakes Dredge & Dock

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.