Wall Street brokerages expect Ormat Technologies, Inc. (NYSE:ORA) to post $165.97 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Ormat Technologies’ earnings, with the lowest sales estimate coming in at $164.30 million and the highest estimate coming in at $166.90 million. Ormat Technologies reported sales of $166.52 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.3%. The business is scheduled to issue its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Ormat Technologies will report full year sales of $165.97 million for the current year, with estimates ranging from $690.70 million to $693.40 million. For the next year, analysts forecast that the company will report sales of $732.77 million per share, with estimates ranging from $727.00 million to $737.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Ormat Technologies.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). Ormat Technologies had a net margin of 16.99% and a return on equity of 9.41%. The firm had revenue of $157.20 million during the quarter, compared to the consensus estimate of $159.02 million. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis.

Several research analysts have commented on ORA shares. TheStreet raised shares of Ormat Technologies from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Roth Capital set a $70.00 price target on shares of Ormat Technologies and gave the company a “buy” rating in a report on Monday, November 13th. Zacks Investment Research raised shares of Ormat Technologies from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Thursday, October 5th. Oppenheimer reissued a “buy” rating and issued a $70.00 price target (up from $65.00) on shares of Ormat Technologies in a report on Wednesday, September 27th. Finally, Guggenheim started coverage on shares of Ormat Technologies in a report on Monday, January 8th. They issued a “buy” rating and a $72.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ormat Technologies has a consensus rating of “Buy” and an average target price of $68.71.

Several hedge funds and other institutional investors have recently bought and sold shares of ORA. Royal Bank of Canada lifted its holdings in shares of Ormat Technologies by 1.7% during the 2nd quarter. Royal Bank of Canada now owns 2,008 shares of the energy company’s stock worth $117,000 after acquiring an additional 34 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Ormat Technologies by 153.2% during the 2nd quarter. Advisor Group Inc. now owns 2,302 shares of the energy company’s stock worth $135,000 after acquiring an additional 1,393 shares during the last quarter. Psagot Investment House Ltd. lifted its holdings in shares of Ormat Technologies by 1.6% during the 2nd quarter. Psagot Investment House Ltd. now owns 2,661 shares of the energy company’s stock worth $156,000 after acquiring an additional 43 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ormat Technologies by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,964 shares of the energy company’s stock worth $233,000 after acquiring an additional 595 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of Ormat Technologies by 1.0% during the 2nd quarter. Hanseatic Management Services Inc. now owns 4,940 shares of the energy company’s stock worth $290,000 after acquiring an additional 48 shares during the last quarter. 46.34% of the stock is owned by institutional investors.

Shares of Ormat Technologies (ORA) traded up $0.34 during trading hours on Monday, reaching $66.07. 161,500 shares of the company’s stock traded hands, compared to its average volume of 175,356. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.62 and a current ratio of 1.72. Ormat Technologies has a 1 year low of $52.38 and a 1 year high of $66.46. The company has a market cap of $3,342.95, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23.

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Ormat Technologies Company Profile

Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.

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