Great Lakes Dredge & Dock (NASDAQ:GLDD) Posts Earnings Results

Great Lakes Dredge & Dock (NASDAQ:GLDD) announced its earnings results on Tuesday. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06, Zacks reports. Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%.

Great Lakes Dredge & Dock Stock Performance

GLDD opened at $8.98 on Wednesday. Great Lakes Dredge & Dock has a twelve month low of $6.55 and a twelve month high of $12.89. The firm has a market capitalization of $604.08 million, a PE ratio of 10.32, a PEG ratio of 0.36 and a beta of 1.16. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. The firm’s 50-day moving average price is $11.55 and its 200 day moving average price is $11.11.

About Great Lakes Dredge & Dock

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.