Sidoti Csr Issues Optimistic Outlook for GLDD Earnings

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) – Research analysts at Sidoti Csr boosted their Q1 2025 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a research report issued on Wednesday, February 19th. Sidoti Csr analyst J. Romero now forecasts that the construction company will earn $0.25 per share for the quarter, up from their prior forecast of $0.13. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.88 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock’s Q2 2025 earnings at $0.05 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $202.77 million for 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%.

Great Lakes Dredge & Dock Price Performance

Great Lakes Dredge & Dock stock opened at $8.69 on Friday. 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 firm has a market capitalization of $584.58 million, a P/E ratio of 10.35, a PEG ratio of 0.29 and a beta of 1.16. The firm has a fifty day moving average of $11.33 and a 200-day moving average of $11.08. Great Lakes Dredge & Dock has a 52-week low of $6.55 and a 52-week high of $12.89.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new stake in shares of Great Lakes Dredge & Dock in the fourth quarter valued at about $223,000. Castlekeep Investment Advisors LLC acquired a new stake in Great Lakes Dredge & Dock in the fourth quarter valued at approximately $5,521,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Great Lakes Dredge & Dock by 14.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,724 shares of the construction company’s stock valued at $2,752,000 after purchasing an additional 30,394 shares during the period. Squarepoint Ops LLC lifted its position in shares of Great Lakes Dredge & Dock by 70.6% during the fourth quarter. Squarepoint Ops LLC now owns 61,538 shares of the construction company’s stock worth $695,000 after purchasing an additional 25,472 shares in the last quarter. Finally, Seven Six Capital Management LLC purchased a new position in shares of Great Lakes Dredge & Dock in the fourth quarter valued at $3,744,000. 89.11% of the stock is owned by hedge funds and other 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.