Orion Energy Systems, Inc. (NASDAQ:OESX) – Investment analysts at B. Riley cut their Q3 2020 earnings per share estimates for shares of Orion Energy Systems in a research note issued on Thursday, November 7th. B. Riley analyst M. Wiesenberger now anticipates that the electronics maker will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.06. B. Riley currently has a “Buy” rating and a $4.00 target price on the stock. B. Riley also issued estimates for Orion Energy Systems’ Q4 2020 earnings at $0.04 EPS and FY2020 earnings at $0.41 EPS.
Several other equities research analysts have also issued reports on OESX. Zacks Investment Research raised Orion Energy Systems from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Thursday, October 3rd. ValuEngine lowered Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Roth Capital lowered Orion Energy Systems from a “buy” rating to a “neutral” rating and set a $3.00 price target on the stock. in a research report on Friday, November 1st. Finally, TheStreet raised Orion Energy Systems from a “d” rating to a “c” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $3.63.
Shares of OESX traded up $0.12 during trading on Friday, reaching $2.92. The company’s stock had a trading volume of 418,400 shares, compared to its average volume of 288,656. The company has a fifty day moving average of $2.78 and a two-hundred day moving average of $2.59. Orion Energy Systems has a twelve month low of $0.53 and a twelve month high of $3.49. The company has a market cap of $83.74 million, a price-to-earnings ratio of -12.70 and a beta of 2.10. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.41.
Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, November 6th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.15. Orion Energy Systems had a negative return on equity of 0.07% and a negative net margin of 0.01%. The company had revenue of $48.32 million for the quarter, compared to analyst estimates of $33.72 million.
Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in Orion Energy Systems in the second quarter worth $32,000. Jane Street Group LLC acquired a new stake in Orion Energy Systems in the second quarter worth $51,000. Susquehanna International Group LLP acquired a new stake in Orion Energy Systems in the second quarter worth $59,000. Bailard Inc. acquired a new stake in Orion Energy Systems in the second quarter worth $91,000. Finally, Royal Bank of Canada acquired a new stake in Orion Energy Systems in the second quarter worth $108,000. 35.55% of the stock is currently owned by institutional investors and hedge funds.
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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