Great Lakes Dredge and Dock (GLDD) Earning Favorable Media Coverage, Report Shows

News coverage about Great Lakes Dredge and Dock (NASDAQ:GLDD) has trended positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Great Lakes Dredge and Dock earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 44.9315055530879 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of GLDD remained flat at $$4.55 during trading hours on Wednesday. 7,841 shares of the stock were exchanged, compared to its average volume of 196,381. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.75 and a quick ratio of 1.51. The stock has a market cap of $283.99, a P/E ratio of -17.04 and a beta of 0.80. Great Lakes Dredge and Dock has a 1-year low of $3.60 and a 1-year high of $5.70.

How to Become a New Pot Stock Millionaire

Great Lakes Dredge and Dock (NASDAQ:GLDD) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.06. The business had revenue of $191.70 million during the quarter, compared to the consensus estimate of $181.90 million. Great Lakes Dredge and Dock had a negative net margin of 4.45% and a negative return on equity of 6.64%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) EPS. equities analysts forecast that Great Lakes Dredge and Dock will post -0.15 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Great Lakes Dredge and Dock from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Great Lakes Dredge and Dock from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, Noble Financial reiterated a “buy” rating on shares of Great Lakes Dredge and Dock in a report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.00.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Macon Daily and is the property of of Macon Daily. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://macondaily.com/2018/04/18/great-lakes-dredge-and-dock-gldd-earning-favorable-media-coverage-report-shows.html.

Great Lakes Dredge and Dock Company Profile

Great 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.

Insider Buying and Selling by Quarter for Great Lakes Dredge and Dock (NASDAQ:GLDD)

Receive News & Ratings for Great Lakes Dredge and Dock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Lakes Dredge and Dock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply