Headlines about Great Lakes Dredge & Dock (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 earned a coverage optimism score of 0.33 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.559328605543 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:
- Emancipation Management LLC Sells 15,000 Shares of Great Lakes Dredge & Dock Co. (GLDD) (americanbankingnews.com)
- Victory Capital Management Inc. Has $1.10 Million Holdings in Great Lakes Dredge & Dock Co. (GLDD) (americanbankingnews.com)
- Noble Financial Reaffirms “Buy” Rating for Great Lakes Dredge & Dock (GLDD) (americanbankingnews.com)
- Great Lakes Dredge & Dock (GLDD) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Marine News Boat of the Month: February 2018 (marinelink.com)
A number of equities analysts recently weighed in on GLDD shares. Cantor Fitzgerald reissued a “hold” rating on shares of Great Lakes Dredge & Dock in a research note on Sunday, December 31st. BidaskClub downgraded shares of Great Lakes Dredge & Dock from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Noble Financial started coverage on shares of Great Lakes Dredge & Dock in a research note on Thursday, January 25th. They set a “buy” rating and a $7.50 target price for the company. Finally, Zacks Investment Research downgraded shares of Great Lakes Dredge & Dock from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Great Lakes Dredge & Dock currently has an average rating of “Hold” and a consensus price target of $7.00.
Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.06. Great Lakes Dredge & Dock had a negative net margin of 4.45% and a negative return on equity of 6.58%. The firm had revenue of $191.70 million during the quarter, compared to the consensus estimate of $181.90 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The business’s revenue was down 10.2% compared to the same quarter last year. analysts expect that Great Lakes Dredge & Dock will post -0.15 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Great Lakes Dredge & Dock (GLDD) Given News Impact Rating of 0.33” was published by Ticker Report and is the property of of Ticker Report. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3226150/great-lakes-dredge-dock-gldd-given-news-impact-rating-of-0-33.html.
About Great Lakes Dredge & Dock
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.
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.