Sidoti Csr Issues Negative Estimate for GLDD Earnings

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Research analysts at Sidoti Csr dropped their Q3 2026 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a research note issued to investors on Wednesday, November 5th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.25. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.69 per share.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The company had revenue of $195.21 million for the quarter, compared to analyst estimates of $201.30 million. Great Lakes Dredge & Dock had a net margin of 8.63% and a return on equity of 15.61%.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research note on Wednesday, October 8th. Zacks Research lowered Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Great Lakes Dredge & Dock Trading Down 2.5%

NASDAQ:GLDD traded down $0.31 on Friday, hitting $11.88. 83,777 shares of the stock were exchanged, compared to its average volume of 470,640. The stock has a market capitalization of $807.78 million, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.94 and a beta of 1.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.15. Great Lakes Dredge & Dock has a 52 week low of $7.51 and a 52 week high of $12.93. The company’s 50-day moving average price is $11.70 and its 200 day moving average price is $11.33.

Institutional Investors Weigh In On Great Lakes Dredge & Dock

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in Great Lakes Dredge & Dock in the third quarter valued at approximately $46,000. Federated Hermes Inc. grew its holdings in Great Lakes Dredge & Dock by 43.5% in the second quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock worth $61,000 after purchasing an additional 1,505 shares during the period. Strs Ohio bought a new stake in Great Lakes Dredge & Dock in the first quarter valued at $45,000. Quarry LP raised its holdings in shares of Great Lakes Dredge & Dock by 213.7% during the first quarter. Quarry LP now owns 5,503 shares of the construction company’s stock valued at $48,000 after purchasing an additional 3,749 shares during the period. Finally, CWM LLC grew its stake in shares of Great Lakes Dredge & Dock by 125.0% in the 3rd quarter. CWM LLC now owns 6,995 shares of the construction company’s stock valued at $84,000 after buying an additional 3,886 shares during the period. 89.11% of the stock is currently owned by 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.