Great Lakes Dredge & Dock Corporation (GLDD) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-0.07 EPS for the quarter. Analysts had a consensus estimate of $-0.07. The company posted revenue of $163.10 million in the period, compared to analysts expectations of $178.42 million. The company’s revenue was down -6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
Many Wall Street Analysts have commented on Great Lakes Dredge & Dock Corporation. Shares were Reiterated by Imperial Capital on Feb 24, 2016 to “Outperform” and Lowered the Price Target to $ 5.50 from a previous price target of $6.50 .
Great Lakes Dredge & Dock Corporation opened for trading at $4.62 and hit $4.72 on the upside on Monday, eventually ending the session at $4.61, with a gain of 0.88% or 0.04 points. The heightened volatility saw the trading volume jump to 1,27,438 shares. Company has a market cap of $279 M.
In a different news, on Sep 15, 2015, Nathan Leight (director) purchased 12,900 shares at $5.24 per share price. According to the SEC, on Jun 15, 2015, Maryann Waryjas (SVP & Chief Legal Officer) purchased 5,200 shares at $5.89 per share price. On May 11, 2015, Jonathan W Berger (CEO) purchased 3,595 shares at $5.62 per share price, according to the Form-4 filing with the securities and exchange commission.
Great Lakes Dredge & Dock Corporation (Great Lakes) is a provider of dredging services. Great Lakes provides dredging services in the East West and Gulf Coasts of the United States and around the world. The Company operates in two segments: Dredging Operations which involves in the 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 soil water and sediment environmental remediation for clients in both the public and private sectors in the United States. The Company has a 50% interest in Amboy Aggregates (Amboy) a sand dredging operation in New Jersey; A 50% interest in Lower Main Street Development LLC (Lower Main) land development and sale business and a 50% interest in TerraSea Environmental Solutions (TerraSea) a remediation business.