Analysts Showing Optimistic Trends For Great Lakes Dredge & Dock Corporation (GLDD)

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18 July, 2017

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The company's market cap is $266.6 Million, and the average volume is 215.29 Million.

Separately, Cantor Fitzgerald reiterated a "buy" rating and issued a $6.50 price target on shares of Great Lakes Dredge & Dock Corporation in a report on Tuesday.

Quite a few analysts have commented on GLDD.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last announced its earnings results on Wednesday, May 3rd.

Some buy side analysts are also providing their Analysis on Great Lakes Dredge & Dock Corporation, where 0 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 1 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

In other news, Director Robert B. Uhler acquired 10,000 shares of the firm's stock in a transaction on Monday, May 8th. The stock was purchased at an average price of $4.55 per share, with a total value of $45,500.00. Following the completion of the acquisition, the director now owns 92,311 shares in the company, valued at $420,015.05. The purchase was disclosed in a document filed with the SEC, which is available through this link. The original version of this article can be accessed at https://baseballnewssource.com/markets/great-lakes-dredge-dock-corporation-gldd-stock-rating-lowered-by-valuengine/1196366.html.

Several institutional investors have recently modified their holdings of GLDD. On average, analysts forecast that Great Lakes Dredge & Dock Corporation will post $0.05 EPS for the current fiscal year. Russell Investments Group Ltd. now owns 1,250,276 shares of the construction company's stock valued at $5,000,000 after buying an additional 17,797 shares in the last quarter.

Great Lakes Drg Dock (NASDAQ:GLDD) as of recent trade, has shown weekly upbeat performance of 3.57% which was maintained at 4.82% in 1-month period. Geode Capital Management LLC now owns 450,229 shares of the construction company's stock valued at $1,800,000 after buying an additional 21,195 shares during the period. American International Group Inc. now owns 36,391 shares of the construction company's stock worth $146,000 after buying an additional 2,414 shares in the last quarter. The stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has "Outperform" rating given on Wednesday, February 24 by Imperial Capital.

Layne Christensen Company has a beta of 0.29, indicating that its share price is 71% less volatile than the S&P 500. Comparatively, 8.2% of Great Lakes Dredge & Dock Corporation shares are held by insiders. Two Sigma Investments LP now owns 231,892 shares of the construction company's stock valued at $974,000 after buying an additional 159,921 shares during the period. Renaissance Technologies LLC now owns 79,263 shares of the construction company's stock valued at $333,000 after buying an additional 25,063 shares in the last quarter. The Return on Investment (ROI) ratio of Great Lakes Dredge & Dock Corporation (GLDD) is 3.2 percent. The company has market cap of $18.49 billion. The stock presently has a consensus rating of "Hold" and an average price target of $4.83. Ameriprise Financial Inc. owned approximately 0.50% of Great Lakes Dredge & Dock Corporation worth $1,225,000 at the end of the most recent reporting period. The company's for the quarter end, revenue was upwards of 4.6% on a YOY basis. on consensus, analysts expect that Great Lakes Dredge & Dock Corporation to post $0.05 earnings per share for the full year. Great Lakes Dredge & Dock Corporation had a negative net profit margin of 2.70% and a negative ROE of 0.23%.

Having a peek at growth estimates of the company, Great Lakes Drg Dock (NASDAQ:GLDD) has current quarter growth estimates of 200% however it has 37.5% estimations over growth for the next quarter. During the same quarter in the previous year, the company earned ($0.07) EPS. The company's revenue for the quarter was up 4.6% compared to the same quarter past year. During the same quarter a year ago, the business posted ($0.07) earnings per share.

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