Favorable Media Coverage Somewhat Unlikely to Affect Great Lakes Dredge & Dock (GLDD) Share Price
Media coverage about Great Lakes Dredge & Dock (NASDAQ:GLDD) has been trending positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Great Lakes Dredge & Dock earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 45.9784381173387 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Great Lakes Dredge & Dock stock traded down $0.05 on Wednesday, reaching $5.45. 69,468 shares of the company’s stock were exchanged, compared to its average volume of 173,585. The stock has a market capitalization of $342.25 million, a price-to-earnings ratio of -20.26 and a beta of 0.74. Great Lakes Dredge & Dock has a 52 week low of $3.60 and a 52 week high of $5.70. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.53 and a current ratio of 1.78.
Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings results on Wednesday, May 2nd. The construction company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.07. The firm had revenue of $146.59 million for the quarter, compared to analysts’ expectations of $184.20 million. Great Lakes Dredge & Dock had a negative return on equity of 7.17% and a negative net margin of 3.51%. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.28) EPS. equities research analysts forecast that Great Lakes Dredge & Dock will post -0.01 EPS for the current year.
About Great Lakes Dredge & Dock
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.
Receive News & Ratings for Great Lakes Dredge & Dock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Lakes Dredge & Dock and related companies with MarketBeat.com's FREE daily email newsletter.