Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
Great Lakes Dredge & Dock Stock Performance
Shares of NASDAQ GLDD opened at $8.68 on Thursday. The stock has a market cap of $581.64 million, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.33 and a beta of 1.14. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.93. Great Lakes Dredge & Dock has a 1-year low of $6.11 and a 1-year high of $9.78. The stock’s 50-day moving average is $8.93 and its 200 day moving average is $8.36.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.25. The company had revenue of $198.66 million for the quarter, compared to analysts’ expectations of $176.45 million. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. On average, sell-side analysts anticipate that Great Lakes Dredge & Dock will post 0.72 EPS for the current fiscal year.
Hedge Funds Weigh In On Great Lakes Dredge & Dock
About Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.
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