Sidoti Csr Issues Positive Outlook for GLDD Earnings

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) – Stock analysts at Sidoti Csr upped their Q1 2025 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a research report issued to clients and investors on Wednesday, February 19th. Sidoti Csr analyst J. Romero now forecasts that the construction company will post earnings per share of $0.25 for the quarter, up from their prior estimate of $0.13. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.81 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock’s Q2 2025 earnings at $0.05 EPS.

Great Lakes Dredge & Dock Stock Down 3.1 %

Shares of GLDD stock opened at $8.42 on Friday. The stock’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $11.08. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. Great Lakes Dredge & Dock has a twelve month low of $6.55 and a twelve month high of $12.89. The company has a market capitalization of $566.41 million, a price-to-earnings ratio of 10.02, a PEG ratio of 0.30 and a beta of 1.16.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $202.77 million during the quarter, compared to analyst estimates of $211.20 million. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GLDD. AlphaQuest LLC acquired a new stake in shares of Great Lakes Dredge & Dock during the 4th quarter worth approximately $33,000. Federated Hermes Inc. boosted its stake in Great Lakes Dredge & Dock by 878.9% in the fourth quarter. Federated Hermes Inc. now owns 5,619 shares of the construction company’s stock worth $63,000 after purchasing an additional 5,045 shares in the last quarter. R Squared Ltd acquired a new position in Great Lakes Dredge & Dock in the fourth quarter worth $69,000. Lazard Asset Management LLC acquired a new position in Great Lakes Dredge & Dock in the fourth quarter worth $118,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter worth $130,000. 89.11% of the stock is owned by institutional investors.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.