NASDAQ:GLDD - Great Lakes Dredge & Dock Stock Price, News, & Analysis

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$5.40 -0.05 (-0.92 %)
(As of 08/19/2018 09:40 AM ET)
Previous Close$5.40
Today's Range$5.40 - $5.50
52-Week Range$3.60 - $5.82
Volume79,906 shs
Average Volume168,584 shs
Market Capitalization$330.22 million
P/E Ratio-20.00
Dividend YieldN/A
Beta0.79
Great Lakes Dredge & Dock logoGreat 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. This segment also engages in channel deepening and port infrastructure development; coastal protection projects; re-dredging previously deepened waterways and harbors; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. It serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. The Environmental & Infrastructure segment provides environmental and geotechnical construction services, including the creation, repair, or stabilization of environmental barriers; and remediation services comprising the containment, immobilization, or removal of contamination from an environment. It serves general contractors, corporations, superfund potentially responsible parties, and environmental engineering and construction firms, as well as federal and municipal government agencies. The company operates a fleet of 20 dredges, 16 material transportation barges, 1 drillboat, and various other support vessels. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Oak Brook, Illinois.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Heavy construction, except building construction - contractors
Sub-IndustryConstruction & Engineering
SectorConstruction
SymbolNASDAQ:GLDD
CUSIP39060710
Phone630-574-3000

Debt

Debt-to-Equity Ratio1.86
Current Ratio1.79
Quick Ratio1.54

Price-To-Earnings

Trailing P/E Ratio-20.00
Forward P/E Ratio540.00
P/E GrowthN/A

Sales & Book Value

Annual Sales$702.50 million
Price / Sales0.48
Cash Flow$0.7860 per share
Price / Cash6.87
Book Value$3.59 per share
Price / Book1.50

Profitability

EPS (Most Recent Fiscal Year)($0.27)
Net Income$-31,260,000.00
Net Margins-3.69%
Return on Equity-8.35%
Return on Assets-2.26%

Miscellaneous

Employees475
Outstanding Shares62,310,000
Market Cap$330.22 million

Great Lakes Dredge & Dock (NASDAQ:GLDD) Frequently Asked Questions

What is Great Lakes Dredge & Dock's stock symbol?

Great Lakes Dredge & Dock trades on the NASDAQ under the ticker symbol "GLDD."

How were Great Lakes Dredge & Dock's earnings last quarter?

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) issued its quarterly earnings results on Wednesday, August, 1st. The construction company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.03) by $0.01. The construction company had revenue of $150.59 million for the quarter, compared to analysts' expectations of $182.50 million. Great Lakes Dredge & Dock had a negative return on equity of 8.35% and a negative net margin of 3.69%. The firm's revenue for the quarter was down 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) earnings per share. View Great Lakes Dredge & Dock's Earnings History.

When is Great Lakes Dredge & Dock's next earnings date?

Great Lakes Dredge & Dock is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for Great Lakes Dredge & Dock.

What price target have analysts set for GLDD?

2 analysts have issued 1 year price objectives for Great Lakes Dredge & Dock's stock. Their forecasts range from $8.00 to $8.00. On average, they anticipate Great Lakes Dredge & Dock's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 48.1% from the stock's current price. View Analyst Price Targets for Great Lakes Dredge & Dock.

What is the consensus analysts' recommendation for Great Lakes Dredge & Dock?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Great Lakes Dredge & Dock in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Great Lakes Dredge & Dock.

Are investors shorting Great Lakes Dredge & Dock?

Great Lakes Dredge & Dock saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,723,263 shares, a decrease of 29.4% from the July 13th total of 2,439,492 shares. Based on an average daily volume of 117,245 shares, the days-to-cover ratio is presently 14.7 days. Approximately 2.9% of the company's shares are sold short. View Great Lakes Dredge & Dock's Current Options Chain.

Who are some of Great Lakes Dredge & Dock's key competitors?

Who are Great Lakes Dredge & Dock's key executives?

Great Lakes Dredge & Dock's management team includes the folowing people:
  • Mr. Lasse J. Petterson, CEO & Director (Age 62)
  • Mr. Mark W. Marinko, Sr. VP & CFO (Age 56)
  • Mr. Kyle D. Johnson, Exec. VP & COO (Age 57)
  • Ms. Kathleen Mackie LaVoy, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 38)
  • Mr. David E. Simonelli, Pres of Dredging Division (Age 61)

Has Great Lakes Dredge & Dock been receiving favorable news coverage?

News articles about GLDD stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Great Lakes Dredge & Dock earned a news and rumor sentiment score of 0.12 on Accern's scale. They also gave media coverage about the construction company an impact score of 46.50 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Great Lakes Dredge & Dock.

Who are Great Lakes Dredge & Dock's major shareholders?

Great Lakes Dredge & Dock's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.35%), Jennison Associates LLC (7.98%), BlackRock Inc. (6.34%), Russell Investments Group Ltd. (5.87%), Segall Bryant & Hamill LLC (3.68%) and Boston Partners (2.87%). Company insiders that own Great Lakes Dredge & Dock stock include Carl A Albert, Kathleen M Shanahan, Lasse Petterson, Peter Deutsch, Robert B Uhler and Ronald Steger. View Institutional Ownership Trends for Great Lakes Dredge & Dock.

Which institutional investors are selling Great Lakes Dredge & Dock stock?

GLDD stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Boston Partners, 22NW LP, Quantum Capital Management, Wynnefield Capital Inc., California Public Employees Retirement System, Segall Bryant & Hamill LLC and GSA Capital Partners LLP. View Insider Buying and Selling for Great Lakes Dredge & Dock.

Which institutional investors are buying Great Lakes Dredge & Dock stock?

GLDD stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Foundry Partners LLC, TCW Group Inc., Jennison Associates LLC, Essex Investment Management Co. LLC, Schwab Charles Investment Management Inc., Metropolitan Life Insurance Co. NY and Picton Mahoney Asset Management. Company insiders that have bought Great Lakes Dredge & Dock stock in the last two years include Carl A Albert, Kathleen M Shanahan, Lasse Petterson, Peter Deutsch, Robert B Uhler and Ronald Steger. View Insider Buying and Selling for Great Lakes Dredge & Dock.

How do I buy shares of Great Lakes Dredge & Dock?

Shares of GLDD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Great Lakes Dredge & Dock's stock price today?

One share of GLDD stock can currently be purchased for approximately $5.40.

How big of a company is Great Lakes Dredge & Dock?

Great Lakes Dredge & Dock has a market capitalization of $330.22 million and generates $702.50 million in revenue each year. The construction company earns $-31,260,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis. Great Lakes Dredge & Dock employs 475 workers across the globe.

How can I contact Great Lakes Dredge & Dock?

Great Lakes Dredge & Dock's mailing address is 2122 YORK ROAD, OAK BROOK IL, 60523. The construction company can be reached via phone at 630-574-3000.


MarketBeat Community Rating for Great Lakes Dredge & Dock (NASDAQ GLDD)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  158 (Vote Outperform)
Underperform Votes:  148 (Vote Underperform)
Total Votes:  306
MarketBeat's community ratings are surveys of what our community members think about Great Lakes Dredge & Dock and other stocks. Vote "Outperform" if you believe GLDD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLDD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/19/2018 by MarketBeat.com Staff

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