What is Noble Financial's Forecast for GLDD Q3 Earnings?

Key Points

• Analysts at Noble Financial have raised their Q3 2025 earnings forecast for Great Lakes Dredge & Dock (GLDD) to $0.16 per share, an increase from the previous estimate of $0.10.
• The company reported $0.14 earnings per share in its last earnings announcement, surpassing analysts' expectations of $0.08, with revenue reaching $193.76 million against an estimate of $177.70 million.
• In recent activity, Wall Street Zen upgraded GLDD shares from a "hold" to a "buy" rating, indicating increased investor confidence.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD - Free Report) - Research analysts at Noble Financial raised their Q3 2025 earnings estimates for shares of Great Lakes Dredge & Dock in a research note issued on Wednesday, August 6th. Noble Financial analyst J. Gomes now forecasts that the construction company will post earnings per share of $0.16 for the quarter, up from their prior forecast of $0.10. The consensus estimate for Great Lakes Dredge & Dock's current full-year earnings is $0.69 per share. Noble Financial also issued estimates for Great Lakes Dredge & Dock's Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $1.01 EPS and FY2026 earnings at $1.12 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The construction company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The firm had revenue of $193.76 million for the quarter, compared to analyst estimates of $177.70 million. Great Lakes Dredge & Dock had a net margin of 8.63% and a return on equity of 15.88%.

Separately, Wall Street Zen upgraded shares of Great Lakes Dredge & Dock from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.

Great Lakes Dredge & Dock Trading Down 3.3%

Shares of NASDAQ GLDD opened at $11.07 on Thursday. Great Lakes Dredge & Dock has a 52-week low of $7.51 and a 52-week high of $12.89. The company has a market cap of $751.99 million, a PE ratio of 10.54, a P/E/G ratio of 1.00 and a beta of 1.35. The firm's 50 day moving average price is $11.50 and its 200-day moving average price is $10.29. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.33.

Insider Buying and Selling at Great Lakes Dredge & Dock

In related news, Director Ronald Steger sold 5,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $11.59, for a total transaction of $57,950.00. Following the completion of the transaction, the director owned 20,404 shares in the company, valued at approximately $236,482.36. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Great Lakes Dredge & Dock

A number of hedge funds and other institutional investors have recently modified their holdings of GLDD. KLP Kapitalforvaltning AS bought a new position in shares of Great Lakes Dredge & Dock during the fourth quarter worth $132,000. LPL Financial LLC bought a new position in shares of Great Lakes Dredge & Dock during the fourth quarter worth $162,000. Vanguard Group Inc. boosted its position in shares of Great Lakes Dredge & Dock by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,877,588 shares of the construction company's stock worth $43,778,000 after acquiring an additional 27,610 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Great Lakes Dredge & Dock by 259.6% in the 4th quarter. JPMorgan Chase & Co. now owns 820,397 shares of the construction company's stock worth $9,262,000 after acquiring an additional 592,276 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Great Lakes Dredge & Dock in the 4th quarter worth about $946,000. Institutional investors own 89.11% of the company's stock.

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.

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