Equities analysts forecast that Orion Group Holdings Inc (NYSE:ORN) will post $0.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided 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 during the same quarter last year, which would indicate a negative year over year growth rate of 22.2%. The company is scheduled to announce its next earnings report on Thursday, March 8th.
According to Zacks, 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 fiscal year, analysts forecast that the company will post earnings of $0.22 per share, with EPS estimates ranging from $0.11 to $0.29. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Orion Group.
ORN has been the topic of several recent research reports. B. Riley reiterated a “buy” rating and set a $10.00 target price on shares of Orion Group in a report on Monday, December 11th. Zacks Investment Research cut shares of Orion Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Canaccord Genuity upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Noble Financial initiated coverage on shares of Orion Group in a report on Thursday, January 25th. They set a “buy” rating and a $10.00 target price on the stock. Finally, ValuEngine cut shares of Orion Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Orion Group currently has a consensus rating of “Buy” and a consensus target price of $9.25.
Large investors have recently added to or reduced their stakes in the company. QS Investors LLC boosted its holdings in shares of Orion Group by 94.3% in the 2nd quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after buying an additional 6,613 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Orion Group in the 2nd quarter valued at about $133,000. Voya Investment Management LLC boosted its holdings in shares of Orion Group by 21.6% in the 2nd quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock valued at $134,000 after buying an additional 3,175 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Orion Group in the 2nd quarter valued at about $143,000. Finally, SG Americas Securities LLC bought a new stake in shares of Orion Group in the 4th quarter valued at about $188,000. Institutional investors and hedge funds own 91.91% of the company’s stock.
Shares of Orion Group (ORN) traded up $0.09 during trading on Wednesday, reaching $6.68. 133,058 shares of the company’s stock traded hands, compared to its average volume of 92,907. The company has a current ratio of 1.49, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Orion Group has a one year low of $5.17 and a one year high of $10.46. The company has a market cap of $183.86, a PE ratio of -11.93 and a beta of 1.21.
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About Orion Group
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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