Noble Financial Keeps a Buy Rating on Great Lakes Dredge & Dock

Noble Financial analyst Ben Klieve maintained a Buy rating on Great Lakes Dredge & Dock (NASDAQ: GLDD) yesterday. The company’s shares opened today at $4.50.

According to TipRanks.com, Klieve is ranked #3880 out of 4760 analysts.

Great Lakes Dredge & Dock has an analyst consensus of Moderate Buy.

Based on Great Lakes Dredge & Dock’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $192 million and GAAP net loss of $8.83 million. In comparison, last year the company earned revenue of $213 million and had a GAAP net loss of $6.98 million.

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Great Lakes Dredge & Dock Corp. provides dredging services. It operates through two segments: Dredging and Environmental & Infrastructure. The Dredging segment 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.