$0.07 Earnings Per Share Expected for Orion Group Holdings Inc (ORN) This Quarter

Brokerages expect Orion Group Holdings Inc (NYSE:ORN) to announce $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Orion Group’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.09. Orion Group reported earnings per share of $0.09 in the same quarter last year, which suggests a negative year-over-year growth rate of 22.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Orion Group will report full-year earnings of ($0.25) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.21). For the next year, analysts anticipate that the company will report earnings of $0.22 per share, with EPS estimates ranging from $0.11 to $0.29. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Orion Group.

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

ORN has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Orion Group in a research note on Thursday, October 5th. Zacks Investment Research raised Orion Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. B. Riley reaffirmed a “buy” rating on shares of Orion Group in a research note on Wednesday, November 1st. ValuEngine lowered Orion Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Noble Financial initiated coverage on Orion Group in a research note on Thursday. They issued a “buy” rating and a $10.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.25.

In other news, insider Mark R. Stauffer sold 20,000 shares of Orion Group stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total transaction of $151,200.00. Following the sale, the insider now directly owns 362,631 shares of the company’s stock, valued at $2,741,490.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Austin J. Shanfelter sold 9,721 shares of Orion Group stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.50, for a total value of $72,907.50. Following the sale, the director now directly owns 31,430 shares in the company, valued at $235,725. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. QS Investors LLC boosted its stake in shares of Orion Group by 94.3% during the second quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after purchasing an additional 6,613 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Orion Group during the third quarter valued at about $388,000. South Dakota Investment Council boosted its stake in shares of Orion Group by 21.1% during the third quarter. South Dakota Investment Council now owns 431,159 shares of the construction company’s stock valued at $2,828,000 after purchasing an additional 75,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Orion Group by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock valued at $14,704,000 after purchasing an additional 159,616 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Orion Group by 50.7% during the third quarter. Wedge Capital Management L L P NC now owns 169,400 shares of the construction company’s stock valued at $1,111,000 after purchasing an additional 57,000 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group (NYSE:ORN) traded down $0.25 during trading hours on Friday, reaching $7.92. The company had a trading volume of 44,738 shares, compared to its average volume of 100,225. The firm has a market capitalization of $223.34, a price-to-earnings ratio of -14.14 and a beta of 1.32. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Orion Group has a fifty-two week low of $5.17 and a fifty-two week high of $11.11.

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Orion Group 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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