Orion Group Holdings, Inc. (ORN) Scheduled to Post Quarterly Earnings on Wednesday
Orion Group Holdings, Inc. (NYSE:ORN) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Orion Group Holdings (NYSE:ORN) last released its earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.16). The firm had revenue of $137.40 million during the quarter, compared to analyst estimates of $161.68 million. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, analysts expect Orion Group Holdings to post $0.05 EPS for the current fiscal year and $0.4 EPS for the next fiscal year.
Orion Group Holdings, Inc. (NYSE ORN) opened at 7.43 on Wednesday. The firm has a 50-day moving average price of $6.49 and a 200 day moving average price of $6.91. The firm’s market capitalization is $209.55 million. Orion Group Holdings, Inc. has a 52-week low of $5.17 and a 52-week high of $11.11.
An institutional investor recently raised its position in Orion Group Holdings stock. The Manufacturers Life Insurance Company increased its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 17.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,887 shares of the construction company’s stock after buying an additional 3,721 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Orion Group Holdings worth $186,000 as of its most recent filing with the SEC. Institutional investors own 87.94% of the company’s stock.
A number of research firms have recently issued reports on ORN. Zacks Investment Research lowered Orion Group Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 target price on shares of Orion Group Holdings in a research note on Wednesday, October 18th. Finally, FBR & Co lowered their target price on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 18th.
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Orion Group Holdings Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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