What is Sidoti Csr’s Forecast for GLDD FY2025 Earnings?

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Equities research analysts at Sidoti Csr decreased their FY2025 earnings per share estimates for Great Lakes Dredge & Dock in a note issued to investors on Tuesday, January 20th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings per share of $1.09 for the year, down from their previous estimate of $1.12. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.69 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock’s Q4 2025 earnings at $0.20 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Great Lakes Dredge & Dock had a return on equity of 16.84% and a net margin of 9.65%.The business had revenue of $195.21 million for the quarter, compared to analyst estimates of $201.30 million.

A number of other brokerages also recently weighed in on GLDD. Zacks Research downgraded shares of Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. assumed coverage on shares of Great Lakes Dredge & Dock in a report on Thursday. They issued an “overweight” rating and a $20.00 price target on the stock. Weiss Ratings raised shares of Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, CJS Securities upgraded shares of Great Lakes Dredge & Dock to a “strong-buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $20.00.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD opened at $15.75 on Thursday. Great Lakes Dredge & Dock has a 12-month low of $7.51 and a 12-month high of $16.72. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The company has a market cap of $1.07 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.40. The stock has a 50-day moving average price of $13.32 and a 200-day moving average price of $12.20.

Institutional Trading of Great Lakes Dredge & Dock

Institutional investors have recently added to or reduced their stakes in the business. MAI Capital Management increased its holdings in shares of Great Lakes Dredge & Dock by 79.2% in the third quarter. MAI Capital Management now owns 2,161 shares of the construction company’s stock worth $26,000 after buying an additional 955 shares during the period. State of Wyoming increased its stake in Great Lakes Dredge & Dock by 3.3% in the 3rd quarter. State of Wyoming now owns 36,148 shares of the construction company’s stock worth $433,000 after purchasing an additional 1,142 shares during the period. AE Wealth Management LLC lifted its position in Great Lakes Dredge & Dock by 8.1% in the third quarter. AE Wealth Management LLC now owns 19,175 shares of the construction company’s stock valued at $230,000 after purchasing an additional 1,443 shares during the last quarter. Raymond James Financial Inc. lifted its position in Great Lakes Dredge & Dock by 0.8% in the third quarter. Raymond James Financial Inc. now owns 188,570 shares of the construction company’s stock valued at $2,261,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Great Lakes Dredge & Dock by 43.5% during the second quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock valued at $61,000 after purchasing an additional 1,505 shares during the period. 89.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP David Johanson sold 2,100 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $13.96, for a total transaction of $29,316.00. Following the transaction, the senior vice president owned 91,963 shares of the company’s stock, valued at approximately $1,283,803.48. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.