Orion Group (ORN) to Release Earnings on Wednesday

Orion Group (NYSE:ORN) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Orion Group to post earnings of ($0.18) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Orion Group had a negative return on equity of 9.14% and a negative net margin of 2.51%. The firm had revenue of $201.59 million for the quarter, compared to the consensus estimate of $191.31 million. On average, analysts expect Orion Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Orion Group Stock Performance

Shares of NYSE ORN opened at $7.95 on Wednesday. The business’s 50-day moving average price is $7.62 and its two-hundred day moving average price is $5.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.25. Orion Group has a one year low of $2.33 and a one year high of $9.84. The company has a market capitalization of $257.90 million, a P/E ratio of -14.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com downgraded Orion Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 9th. B. Riley reaffirmed a “buy” rating and issued a $9.50 price target (up previously from $6.25) on shares of Orion Group in a research report on Thursday, March 14th.

Insiders Place Their Bets

In related news, EVP Edward Chipman Earle purchased 8,000 shares of Orion Group stock in a transaction on Monday, March 4th. The stock was bought at an average price of $6.88 per share, with a total value of $55,040.00. Following the completion of the transaction, the executive vice president now directly owns 69,602 shares of the company’s stock, valued at $478,861.76. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other Orion Group news, EVP Edward Chipman Earle acquired 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $6.88 per share, with a total value of $55,040.00. Following the transaction, the executive vice president now owns 69,602 shares of the company’s stock, valued at $478,861.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Travis J. Boone acquired 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $7.01 per share, with a total value of $84,120.00. Following the transaction, the chief executive officer now directly owns 402,557 shares in the company, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. Insiders purchased 22,430 shares of company stock valued at $156,340 over the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new stake in shares of Orion Group in the 4th quarter valued at approximately $28,000. UBS Group AG grew its position in Orion Group by 194.6% during the 3rd quarter. UBS Group AG now owns 6,508 shares of the construction company’s stock worth $35,000 after acquiring an additional 4,299 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Orion Group during the 3rd quarter worth approximately $36,000. Jane Street Group LLC bought a new stake in Orion Group during the 1st quarter worth approximately $41,000. Finally, Tower Research Capital LLC TRC grew its position in Orion Group by 84.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company’s stock worth $42,000 after acquiring an additional 7,397 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.