Equities research analysts predict that Orion Group Holdings, Inc. (NYSE:ORN) will post $174.57 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Orion Group Holdings’ earnings, with estimates ranging from $170.00 million to $179.14 million. Orion Group Holdings posted sales of $144.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 21%. The business is expected to issue its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Orion Group Holdings will report full-year sales of $174.57 million for the current financial year, with estimates ranging from $586.34 million to $623.41 million. For the next fiscal year, analysts expect that the business will post sales of $665.21 million per share, with estimates ranging from $650.00 million to $680.42 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Orion Group Holdings.

Orion Group Holdings (NYSE:ORN) last announced its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.25). The firm had revenue of $140.20 million during the quarter, compared to analyst estimates of $166.08 million. Orion Group Holdings had a negative return on equity of 2.96% and a negative net margin of 2.76%. Orion Group Holdings’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share.

Several equities analysts have recently issued reports on the company. Canaccord Genuity upgraded Orion Group Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. ValuEngine lowered Orion Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Orion Group Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley restated a “buy” rating on shares of Orion Group Holdings in a research report on Wednesday, November 1st. Finally, FBR & Co decreased their target price on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.50.

In other news, Director Austin J. Shanfelter sold 9,721 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $7.50, for a total transaction of $72,907.50. Following the completion of the transaction, the director now directly owns 31,430 shares in the company, valued at approximately $235,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System grew its position in shares of Orion Group Holdings by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after purchasing an additional 100 shares during the period. Credit Suisse AG grew its position in shares of Orion Group Holdings by 0.9% in the 1st quarter. Credit Suisse AG now owns 27,197 shares of the construction company’s stock valued at $203,000 after purchasing an additional 233 shares during the period. Texas Permanent School Fund grew its position in shares of Orion Group Holdings by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock valued at $152,000 after purchasing an additional 249 shares during the period. Bank of Montreal Can grew its position in shares of Orion Group Holdings by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 26,584 shares of the construction company’s stock valued at $199,000 after purchasing an additional 252 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Orion Group Holdings by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 211,382 shares of the construction company’s stock valued at $1,579,000 after purchasing an additional 986 shares during the period. Institutional investors and hedge funds own 88.03% of the company’s stock.

Shares of Orion Group Holdings (NYSE ORN) opened at $7.86 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 1.44. Orion Group Holdings has a 12-month low of $5.17 and a 12-month high of $11.11.

WARNING: “$174.57 Million in Sales Expected for Orion Group Holdings, Inc. (ORN) This Quarter” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/11/22/174-57-million-in-sales-expected-for-orion-group-holdings-inc-orn-this-quarter.html.

About Orion Group Holdings

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.

Get a free copy of the Zacks research report on Orion Group Holdings (ORN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Orion Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.