Brokerages expect that Orion Energy Systems, Inc. (NASDAQ:OESX) will report $15.44 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Orion Energy Systems’ earnings, with the highest sales estimate coming in at $17.00 million and the lowest estimate coming in at $13.87 million. Orion Energy Systems posted sales of $15.42 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.1%. The firm is expected to report its next quarterly earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Orion Energy Systems will report full-year sales of $65.77 million for the current year, with estimates ranging from $65.30 million to $66.23 million. For the next financial year, analysts forecast that the company will report sales of $79.71 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Orion Energy Systems.
Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Tuesday, August 7th. The electronics maker reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $13.82 million for the quarter, compared to the consensus estimate of $14.80 million. Orion Energy Systems had a negative net margin of 15.03% and a negative return on equity of 35.90%.
A number of equities analysts have commented on OESX shares. Zacks Investment Research downgraded shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Roth Capital set a $1.00 price target on shares of Orion Energy Systems and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Finally, HC Wainwright set a $2.00 price target on shares of Orion Energy Systems and gave the stock a “buy” rating in a research report on Wednesday, August 8th.
An institutional investor recently raised its position in Orion Energy Systems stock. North Star Investment Management Corp. lifted its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,009,813 shares of the electronics maker’s stock after purchasing an additional 189,685 shares during the period. North Star Investment Management Corp. owned about 10.36% of Orion Energy Systems worth $3,311,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 40.64% of the company’s stock.
Shares of OESX stock opened at $1.06 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.08 and a current ratio of 1.64. The stock has a market capitalization of $28.25 million, a price-to-earnings ratio of -2.79 and a beta of 0.69. Orion Energy Systems has a one year low of $0.70 and a one year high of $1.25.
Orion Energy Systems Company Profile
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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