Research Analysts Offer Predictions for GLDD FY2025 Earnings

Key Points

• Sidoti Csr has raised its FY2025 earnings forecast for Great Lakes Dredge & Dock Corporation (GLDD) to $1.02 per share, up from a previous estimate of $0.94, indicating a positive outlook for the construction company.
• In its latest quarterly report, Great Lakes Dredge & Dock reported an earnings per share of $0.14, exceeding analysts' expectations of $0.08, alongside revenues of $193.76 million, surpassing the consensus estimate.
• Institutional investors own approximately 89.11% of Great Lakes Dredge & Dock's stock, with several firms increasing their holdings in the company in recent quarters.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD - Free Report) - Equities researchers at Sidoti Csr upped their FY2025 EPS estimates for Great Lakes Dredge & Dock in a report issued on Monday, August 11th. Sidoti Csr analyst J. Romero now anticipates that the construction company will post earnings per share of $1.02 for the year, up from their prior estimate of $0.94. The consensus estimate for Great Lakes Dredge & Dock's current full-year earnings is $0.69 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock's Q1 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.90 EPS.

A number of other brokerages have also weighed in on GLDD. Zacks Research upgraded shares of Great Lakes Dredge & Dock to a "strong-buy" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Great Lakes Dredge & Dock from a "hold" rating to a "buy" rating in a report on Monday, May 19th.

Great Lakes Dredge & Dock Trading Up 2.0%

Shares of GLDD traded up $0.23 during mid-day trading on Wednesday, reaching $11.58. The company had a trading volume of 350,138 shares, compared to its average volume of 494,377. The stock has a market cap of $787.44 million, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.93 and a beta of 1.35. The firm has a fifty day simple moving average of $11.50 and a 200-day simple moving average of $10.27. Great Lakes Dredge & Dock has a fifty-two week low of $7.51 and a fifty-two week high of $12.89. The company has a current ratio of 1.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87.

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 (EPS) for the quarter, topping 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 15.61%.

Insider Buying and Selling at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, Director Ronald Steger sold 5,000 shares of Great Lakes Dredge & Dock stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $11.59, for a total value of $57,950.00. Following the transaction, the director owned 20,404 shares in the company, valued at $236,482.36. This trade represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Great Lakes Dredge & Dock

A number of hedge funds have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC purchased a new position in shares of Great Lakes Dredge & Dock in the 4th quarter valued at $62,958,000. Jennison Associates LLC raised its stake in shares of Great Lakes Dredge & Dock by 22.7% in the 1st quarter. Jennison Associates LLC now owns 5,310,894 shares of the construction company's stock valued at $46,205,000 after acquiring an additional 981,652 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Great Lakes Dredge & Dock by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,443,586 shares of the construction company's stock valued at $50,168,000 after acquiring an additional 22,370 shares during the period. Vanguard Group Inc. raised its stake in shares of Great Lakes Dredge & Dock by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,907,174 shares of the construction company's stock valued at $33,992,000 after acquiring an additional 29,586 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Great Lakes Dredge & Dock by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 2,180,909 shares of the construction company's stock valued at $26,585,000 after acquiring an additional 210,134 shares during the period. Hedge funds and other 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.