Great Lakes Dredge & Dock Corporation (GLDD) Earning Favorable Press Coverage, Analysis Finds
Headlines about Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Great Lakes Dredge & Dock Corporation earned a coverage optimism score of 0.33 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 47.7078875480783 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Great Lakes takes delivery of Ellis Island, largest hopper dredge in the USA (en.portnews.ru)
- Great Lakes Dredge & Dock Corp. :GLDD-US: Earnings Analysis: Q3, 2017 By the Numbers : November 21, 2017 (finance.yahoo.com)
- GLDD Takes Delivery of ATB Hopper Dredge Ellis Island (dredgingtoday.com)
- Great Lakes in Oak Brook takes delivery of Ellis Island dredge (dailyherald.com)
- Great Lakes Takes Delivery of Ellis Island, Largest Hopper Dredge in United States Market (finance.yahoo.com)
Great Lakes Dredge & Dock Corporation (NASDAQ GLDD) opened at $4.80 on Friday. Great Lakes Dredge & Dock Corporation has a 52 week low of $3.60 and a 52 week high of $5.45. The company has a quick ratio of 1.74, a current ratio of 2.02 and a debt-to-equity ratio of 1.85.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last announced its earnings results on Tuesday, November 7th. The construction company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Great Lakes Dredge & Dock Corporation had a negative return on equity of 3.02% and a negative net margin of 4.06%. The firm had revenue of $163.31 million for the quarter, compared to the consensus estimate of $175.95 million. During the same period in the prior year, the business earned $0.08 EPS. Great Lakes Dredge & Dock Corporation’s quarterly revenue was down 17.9% on a year-over-year basis.
A number of equities analysts recently weighed in on GLDD shares. ValuEngine raised shares of Great Lakes Dredge & Dock Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub downgraded shares of Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
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In other news, Director Robert B. Uhler bought 5,320 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $4.73 per share, with a total value of $25,163.60. Following the completion of the purchase, the director now directly owns 128,161 shares of the company’s stock, valued at $606,201.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.24% of the stock is owned by company insiders.
About Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors.
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