Great Lakes Dredge & Dock (GLDD) Scheduled to Post Quarterly Earnings on Tuesday

Great Lakes Dredge & Dock (NASDAQ:GLDD) is set to release its earnings data before the market opens on Tuesday, November 6th. Analysts expect Great Lakes Dredge & Dock to post earnings of $0.03 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Shares of GLDD opened at $5.96 on Friday. Great Lakes Dredge & Dock has a fifty-two week low of $4.15 and a fifty-two week high of $6.39. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.79.

In other Great Lakes Dredge & Dock news, CEO Lasse Petterson bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average cost of $5.30 per share, with a total value of $265,000.00. Following the purchase, the chief executive officer now directly owns 675,609 shares in the company, valued at $3,580,727.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.24% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on GLDD shares. Noble Financial set a $8.00 target price on shares of Great Lakes Dredge & Dock and gave the stock a “buy” rating in a research note on Thursday, August 2nd. BidaskClub raised shares of Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. TheStreet raised shares of Great Lakes Dredge & Dock from a “d+” rating to a “c-” rating in a research note on Monday, September 10th. Zacks Investment Research downgraded shares of Great Lakes Dredge & Dock from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, ValuEngine downgraded shares of Great Lakes Dredge & Dock from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Great Lakes Dredge & Dock has an average rating of “Buy” and a consensus target price of $7.50.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. It operates through two segments, Dredging, and Environmental & Infrastructure. The Dredging segment is involved 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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Earnings History for Great Lakes Dredge & Dock (NASDAQ:GLDD)

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