Press coverage about Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has trended positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Great Lakes Dredge & Dock Corporation earned a daily sentiment score of 0.37 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.1700422356726 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Great Lakes Dredge & Dock Corporation (NASDAQ GLDD) opened at 4.35 on Wednesday. The firm has a 50-day moving average of $3.91 and a 200-day moving average of $4.23. Great Lakes Dredge & Dock Corporation has a one year low of $3.05 and a one year high of $5.45. The company’s market capitalization is $267.11 million.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Great Lakes Dredge & Dock Corporation had a negative net margin of 2.62% and a positive return on equity of 1.00%. The firm had revenue of $176.90 million for the quarter, compared to analysts’ expectations of $201.70 million. During the same quarter last year, the business earned ($0.03) earnings per share. The business’s revenue was down 8.0% compared to the same quarter last year. On average, analysts anticipate that Great Lakes Dredge & Dock Corporation will post $0.02 earnings per share for the current year.
Several analysts recently weighed in on GLDD shares. Cantor Fitzgerald restated a “buy” rating and issued a $6.50 price objective on shares of Great Lakes Dredge & Dock Corporation in a report on Tuesday, July 11th. BidaskClub downgraded Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine upgraded Great Lakes Dredge & Dock Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th.
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In other news, CEO Lasse Petterson bought 17,255 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $3.70 per share, for a total transaction of $63,843.50. Following the acquisition, the chief executive officer now directly owns 349,176 shares of the company’s stock, valued at approximately $1,291,951.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 291,904 shares of company stock valued at $1,095,805 over the last 90 days. 8.24% of the stock is currently owned by company insiders.
Great Lakes Dredge & Dock Corporation Company Profile
Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors.
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