Analysts expect Orion Group Holdings Inc (NYSE:ORN) to report $154.80 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Orion Group’s earnings, with the lowest sales estimate coming in at $136.40 million and the highest estimate coming in at $165.00 million. Orion Group posted sales of $140.16 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.4%. The firm is expected to report its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Orion Group will report full year sales of $625.08 million for the current fiscal year, with estimates ranging from $613.03 million to $631.60 million. For the next year, analysts expect that the business will post sales of $680.49 million, with estimates ranging from $650.00 million to $720.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Orion Group.
Orion Group (NYSE:ORN) last released its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The firm had revenue of $159.77 million for the quarter, compared to analysts’ expectations of $150.97 million. Orion Group had a net margin of 1.81% and a return on equity of 0.96%.
Several research analysts have weighed in on the stock. ValuEngine cut shares of Orion Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. B. Riley increased their price target on shares of Orion Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research cut shares of Orion Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Noble Financial set a $10.00 price target on shares of Orion Group and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $10.00 price target on shares of Orion Group in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.13.
In other Orion Group news, CFO Christopher James Dealmeida sold 5,999 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $9.50, for a total transaction of $56,990.50. Following the transaction, the chief financial officer now owns 89,132 shares in the company, valued at approximately $846,754. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Austin J. Shanfelter sold 4,606 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $8.08, for a total transaction of $37,216.48. Following the transaction, the director now owns 33,292 shares in the company, valued at approximately $268,999.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,769 shares of company stock worth $207,111. Company insiders own 7.60% of the company’s stock.
Several large investors have recently made changes to their positions in ORN. Renaissance Technologies LLC boosted its position in shares of Orion Group by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 525,215 shares of the construction company’s stock worth $4,338,000 after acquiring an additional 6,815 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Orion Group by 16.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,739 shares of the construction company’s stock worth $486,000 after acquiring an additional 8,139 shares in the last quarter. California Public Employees Retirement System boosted its position in Orion Group by 13.4% in the first quarter. California Public Employees Retirement System now owns 93,525 shares of the construction company’s stock valued at $616,000 after buying an additional 11,025 shares in the last quarter. Ancora Advisors LLC boosted its position in Orion Group by 8.9% in the first quarter. Ancora Advisors LLC now owns 141,727 shares of the construction company’s stock valued at $934,000 after buying an additional 11,535 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Orion Group in the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.
Orion Group stock traded down $0.69 during trading hours on Monday, hitting $6.10. The company had a trading volume of 8,778 shares, compared to its average volume of 142,179. The stock has a market cap of $218.13 million, a P/E ratio of -48.50 and a beta of 1.14. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.24. Orion Group has a one year low of $5.88 and a one year high of $9.83.
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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