Equities research analysts forecast that Orion Group Holdings Inc (NYSE:ORN) will announce earnings of ($0.04) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Orion Group’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at ($0.14). Orion Group posted earnings per share of $0.19 during the same quarter last year, which would indicate a negative year-over-year growth rate of 121.1%. The company is scheduled to issue its next earnings report on Thursday, March 14th.
On average, analysts expect that Orion Group will report full-year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.06). For the next financial year, analysts forecast that the company will post earnings of $0.31 per share, with EPS estimates ranging from $0.25 to $0.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Orion Group.
Orion Group (NYSE:ORN) last issued its quarterly earnings data on Thursday, November 1st. The construction company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Orion Group had a net margin of 1.63% and a return on equity of 0.38%. The company had revenue of $125.07 million during the quarter, compared to the consensus estimate of $140.40 million.
A number of equities research analysts have issued reports on the company. B. Riley reiterated a “neutral” rating and issued a $7.00 target price (down from $11.00) on shares of Orion Group in a research note on Friday, October 19th. ValuEngine lowered Orion Group from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Canaccord Genuity reissued a “buy” rating and issued a $10.00 price target on shares of Orion Group in a research note on Thursday, August 2nd. Noble Financial set a $10.00 price target on Orion Group and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research cut Orion Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Orion Group has a consensus rating of “Hold” and a consensus target price of $8.63.
ORN traded up $0.01 during trading hours on Thursday, hitting $4.27. 124,600 shares of the stock were exchanged, compared to its average volume of 162,540. Orion Group has a 12 month low of $4.15 and a 12 month high of $9.83. The stock has a market capitalization of $126.00 million, a PE ratio of -30.50 and a beta of 1.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.55.
In other Orion Group news, Director Austin J. Shanfelter sold 4,606 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $8.08, for a total value of $37,216.48. Following the sale, the director now directly owns 33,292 shares in the company, valued at $268,999.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Orion Group in the second quarter worth about $150,000. Engineers Gate Manager LP acquired a new position in Orion Group during the second quarter valued at approximately $161,000. ClariVest Asset Management LLC acquired a new stake in shares of Orion Group in the third quarter valued at approximately $216,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Orion Group by 207.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 32,059 shares of the construction company’s stock valued at $265,000 after buying an additional 21,629 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Orion Group in the second quarter valued at approximately $314,000. 87.94% of the stock is currently owned by institutional investors and hedge funds.
Orion Group Company Profile
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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