Barclays Capital Analysts Reduce Target Price on GLDD Shares (USA)
Analysts at Barclays Capital reduced their target price on shares of Great Lakes Dredge & Dock Corp. from $9.00 to $8.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. Barclays Capital’s target price points to a potential upside of 15.94% from the stock’s previous close.
Great Lakes Dredge & Dock Corp. traded down 1.43% on Monday, hitting $6.90. Great Lakes Dredge & Dock Corp. has a 52-week low of $6.30 and a 52-week high of $10.07. The stock’s 50-day moving average is currently $8.00. The company’s market cap is $410.1 million.
Great Lakes Dredge & Dock Corp. last announced its earnings results on Thursday, August 8th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.50. The company had revenue of $152.86 million for the quarter, compared to the consensus estimate of $191.83 million.
During the same quarter last year, the company posted $0.07 earnings per share. Great Lakes Dredge & Dock Corp.’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Great Lakes Dredge & Dock Corp. will post $0.32 earnings per share for the current fiscal year.
Press Release, August 13, 2013