Equities research analysts expect Orion Energy Systems, Inc. (NASDAQ:OESX) to report $17.53 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Orion Energy Systems’ earnings. The highest sales estimate is $18.50 million and the lowest is $16.50 million. Orion Energy Systems reported sales of $18.67 million in the same quarter last year, which would suggest a negative year over year growth rate of 6.1%. The firm is expected to report its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Orion Energy Systems will report full year sales of $17.53 million for the current fiscal year, with estimates ranging from $67.10 million to $77.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $91.19 million per share, with estimates ranging from $87.00 million to $95.38 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Friday, August 4th. The electronics maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $12.56 million for the quarter, compared to analyst estimates of $15.94 million. Orion Energy Systems had a negative net margin of 23.70% and a negative return on equity of 37.61%.

A number of research firms have recently weighed in on OESX. Zacks Investment Research upgraded Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. HC Wainwright set a $3.00 target price on Orion Energy Systems and gave the stock a “buy” rating in a research report on Monday, August 7th. Roth Capital set a $1.00 target price on Orion Energy Systems and gave the stock a “hold” rating in a research report on Saturday, June 10th. ValuEngine downgraded Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Finally, Craig Hallum downgraded Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Orion Energy Systems has an average rating of “Hold” and an average target price of $2.08.

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In related news, insider John H. Scribante sold 80,802 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $1.32, for a total value of $106,658.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John H. Scribante sold 137,218 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $1.27, for a total value of $174,266.86. The disclosure for this sale can be found here. In the last quarter, insiders purchased 23,000 shares of company stock valued at $31,140 and sold 548,996 shares valued at $655,129. Corporate insiders own 9.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its stake in Orion Energy Systems by 11.3% in the second quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock worth $730,000 after buying an additional 57,799 shares in the last quarter. Prudential Financial Inc. increased its stake in Orion Energy Systems by 11.1% in the second quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock worth $132,000 after buying an additional 10,300 shares in the last quarter. IFC Holdings Incorporated FL bought a new stake in Orion Energy Systems during the second quarter worth approximately $128,000. North Star Investment Management Corp. increased its stake in Orion Energy Systems by 7.0% in the second quarter. North Star Investment Management Corp. now owns 2,830,964 shares of the electronics maker’s stock worth $3,624,000 after buying an additional 185,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after buying an additional 54,000 shares in the last quarter. Institutional investors and hedge funds own 45.19% of the company’s stock.

Orion Energy Systems (OESX) traded up 3.37% on Friday, reaching $0.92. The company had a trading volume of 7,073 shares. The company’s 50 day moving average price is $1.09 and its 200-day moving average price is $1.53. The company’s market capitalization is $26.46 million. Orion Energy Systems has a 12 month low of $0.86 and a 12 month high of $2.57.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

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Earnings History and Estimates for Orion Energy Systems (NASDAQ:OESX)

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