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Great Lakes Dredge & Dock Co. Issues Earnings Results

Posted on February 25, 2016

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) released its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.05, AnalystRatings.NET reports. The company had revenue of $222.60 million for the quarter, compared to analyst estimates of $228.60 million.

Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) opened at 3.52 on Tuesday. Great Lakes Dredge & Dock Co. has a 52-week low of $2.96 and a 52-week high of $7.42. The stock’s 50 day moving average is $3.36 and its 200 day moving average is $4.43. The firm has a market capitalization of $212.94 million and a PE ratio of 16.07.

Separately, Imperial Capital decreased their price target on shares of Great Lakes Dredge & Dock Co. from $8.50 to $6.50 and set an “outperform” rating for the company in a research report on Wednesday, November 4th.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is a provider of dredging services. Great Lakes provides dredging services in the East, West, and Gulf Coasts of the United States and around the world. The Company operates in two segments: Dredging Operations, which involves in the 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 soil, water and sediment environmental remediation for clients in both the public and private sectors in the United States.

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