Great Lakes Dredge & Dock (NASDAQ:GLDD) Announces Earnings Results, Beats Expectations By $0.06 EPS

Great Lakes Dredge & Dock (NASDAQ:GLDD) announced its earnings results on Tuesday. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06, Zacks reports. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%. The firm had revenue of $202.77 million for the quarter, compared to analyst estimates of $211.20 million.

Great Lakes Dredge & Dock Stock Performance

NASDAQ:GLDD opened at $8.32 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The company has a market cap of $559.69 million, a P/E ratio of 10.24, a P/E/G ratio of 0.29 and a beta of 1.16. Great Lakes Dredge & Dock has a fifty-two week low of $6.55 and a fifty-two week high of $12.89. The firm’s 50 day moving average is $11.40 and its two-hundred day moving average is $11.09.

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.