Analysts Expect Orion Group Holdings Inc (ORN) Will Announce Earnings of $0.07 Per Share

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.

In other news, Director Austin J. Shanfelter sold 9,721 shares of the firm’s 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 approximately $235,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark R. Stauffer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $7.56, for a total transaction of $151,200.00. Following the completion of the sale, the insider now owns 362,631 shares in the company, valued at $2,741,490.36. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

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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