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1 Comment
Great Lakes Dredge & Dock Corporation is currently in a long term uptrend where the price is trading 5.1% above its 200 day moving average.
From a valuation standpoint, the stock is 97.4% cheaper than other stocks from the Industrials sector with a price to sales ratio of 1.4.
Great Lakes Dredge & Dock Corporation's total revenue rose by 4.8% to $172M since the same quarter in the previous year.
Its net income has dropped by 33.6% to $11M since the same quarter in the previous year.
Finally, its free cash flow fell by 294.9% to $-15M since the same quarter in the previous year.
Based on the above factors, Great Lakes Dredge & Dock Corporation gets an overall score of 3/5.
Sector | Industrials |
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Industry | Engineering & Construction |
Exchange | NASDAQ |
CurrencyCode | USD |
ISIN | US3906071093 |
PE Ratio | 10.53 |
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Target Price | 14.5 |
Beta | 1.18 |
Market Cap | 610M |
Dividend Yield | None |
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company offers capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects comprising moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects; and foreign capital projects, such as channel deepening and port infrastructure development. In addition, the company operates hydraulic dredges, hopper dredges, mechanical dredges, unloaders, drill boats, and material and other barges equipment. It serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns comprising utilities, oil and gas, and other energy companies. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.
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