Sidoti Csr Has Bullish Outlook 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) - Stock analysts at Sidoti Csr lifted their FY2025 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a research note issued to investors on Monday, August 11th. Sidoti Csr analyst J. Romero now anticipates that the construction company will earn $1.02 per share 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 research firms also recently issued reports on GLDD. Wall Street Zen upgraded Great Lakes Dredge & Dock from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Zacks Research upgraded Great Lakes Dredge & Dock to a "strong-buy" rating in a research note on Tuesday.

Great Lakes Dredge & Dock Stock Performance

NASDAQ:GLDD traded down $0.02 during mid-day trading on Wednesday, reaching $11.35. 659,751 shares of the stock were exchanged, compared to its average volume of 433,894. The company has a 50 day simple moving average of $11.50 and a 200-day simple moving average of $10.27. The stock has a market capitalization of $771.80 million, a P/E ratio of 10.81, a P/E/G ratio of 0.93 and a beta of 1.35. The company has a quick ratio of 1.02, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. Great Lakes Dredge & Dock has a 1 year low of $7.51 and a 1 year high of $12.89.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $193.76 million for the quarter, compared to the consensus estimate of $177.70 million. Great Lakes Dredge & Dock had a return on equity of 15.61% and a net margin of 8.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC acquired a new stake in shares of Great Lakes Dredge & Dock in the 4th quarter valued at approximately $162,000. JPMorgan Chase & Co. raised its holdings in Great Lakes Dredge & Dock by 259.6% during the fourth quarter. JPMorgan Chase & Co. now owns 820,397 shares of the construction company's stock worth $9,262,000 after purchasing an additional 592,276 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Great Lakes Dredge & Dock by 45.4% during the fourth quarter. Wells Fargo & Company MN now owns 47,112 shares of the construction company's stock worth $532,000 after purchasing an additional 14,718 shares during the last quarter. Federated Hermes Inc. raised its holdings in Great Lakes Dredge & Dock by 878.9% during the fourth quarter. Federated Hermes Inc. now owns 5,619 shares of the construction company's stock worth $63,000 after purchasing an additional 5,045 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Great Lakes Dredge & Dock by 2.2% during the fourth quarter. Invesco Ltd. now owns 182,591 shares of the construction company's stock worth $2,061,000 after purchasing an additional 3,867 shares during the last quarter. 89.11% of the stock is currently owned by hedge funds and other institutional investors.

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 that occurred on Tuesday, June 3rd. The stock was sold at an average price of $11.59, for a total value of $57,950.00. Following the transaction, the director directly owned 20,404 shares in the company, valued at approximately $236,482.36. This trade represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% 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.