Sidoti Csr Has Pessimistic Outlook of GLDD FY2025 Earnings

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Stock analysts at Sidoti Csr cut their FY2025 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a report released on Tuesday, January 20th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings per share of $1.09 for the year, down from their prior forecast of $1.12. 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 Q4 2025 earnings at $0.20 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The business had revenue of $195.21 million during the quarter, compared to the consensus estimate of $201.30 million. Great Lakes Dredge & Dock had a return on equity of 16.84% and a net margin of 9.65%.

Several other equities analysts also recently issued reports on GLDD. Weiss Ratings reissued a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research report on Wednesday, October 8th. CJS Securities raised Great Lakes Dredge & Dock to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Zacks Research lowered Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Great Lakes Dredge & Dock presently has an average rating of “Moderate Buy”.

Great Lakes Dredge & Dock Trading Up 1.3%

Shares of Great Lakes Dredge & Dock stock opened at $14.80 on Thursday. The firm’s 50 day simple moving average is $13.25 and its two-hundred day simple moving average is $12.18. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.07 and a beta of 1.40. Great Lakes Dredge & Dock has a 12-month low of $7.51 and a 12-month high of $15.83. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83.

Insiders Place Their Bets

In other Great Lakes Dredge & Dock news, SVP David Johanson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $13.02, for a total value of $130,200.00. Following the completion of the transaction, the senior vice president owned 94,063 shares in the company, valued at approximately $1,224,700.26. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Great Lakes Dredge & Dock

Hedge funds have recently bought and sold shares of the business. Canton Hathaway LLC increased its position in shares of Great Lakes Dredge & Dock by 9.1% in the fourth quarter. Canton Hathaway LLC now owns 46,700 shares of the construction company’s stock valued at $613,000 after buying an additional 3,900 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in Great Lakes Dredge & Dock during the fourth quarter worth $132,000. Mirabaud & Cie SA acquired a new position in Great Lakes Dredge & Dock during the fourth quarter worth $157,000. SG Americas Securities LLC lifted its holdings in Great Lakes Dredge & Dock by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 105,846 shares of the construction company’s stock valued at $1,389,000 after purchasing an additional 13,414 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Great Lakes Dredge & Dock by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 888,739 shares of the construction company’s stock valued at $10,656,000 after purchasing an additional 99,463 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 Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.