Wall Street brokerages expect Orion Energy Systems, Inc. (NASDAQ:OESX) to post sales of $18.55 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Orion Energy Systems’ earnings. The lowest sales estimate is $17.66 million and the highest is $20.00 million. Orion Energy Systems posted sales of $20.62 million in the same quarter last year, which would indicate a negative year over year growth rate of 10%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that Orion Energy Systems will report full year sales of $18.55 million for the current financial year, with estimates ranging from $66.00 million to $69.70 million. For the next fiscal year, analysts forecast that the company will post sales of $77.72 million per share, with estimates ranging from $74.90 million to $80.54 million. Zacks’ sales averages are an average based on a survey of analysts that follow Orion Energy Systems.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. HC Wainwright reiterated a “buy” rating on shares of Orion Energy Systems in a research report on Friday, November 3rd. Finally, ValuEngine downgraded Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $1.67.

Orion Energy Systems (NASDAQ:OESX) opened at $0.88 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Orion Energy Systems has a 52-week low of $0.80 and a 52-week high of $2.57.

Several hedge funds and other institutional investors have recently bought and sold shares of OESX. IFC Holdings Incorporated FL acquired a new stake in shares of Orion Energy Systems during the second quarter worth approximately $128,000. Prudential Financial Inc. increased its holdings in shares of Orion Energy Systems by 11.1% in the second quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock valued at $132,000 after purchasing an additional 10,300 shares in the last quarter. New York State Common Retirement Fund boosted 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 valued at $730,000 after acquiring an additional 57,799 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Orion Energy Systems by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock valued at $948,000 after acquiring an additional 20,146 shares during the last quarter. Finally, Renaissance Technologies LLC boosted 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 valued at $1,599,000 after acquiring an additional 54,000 shares during the last quarter. 44.30% of the stock is owned by institutional investors.

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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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