Analysts expect that Orion Energy Systems, Inc. (NASDAQ:OESX) will report earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Orion Energy Systems’ earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.03. Orion Energy Systems reported earnings per share of ($0.02) in the same quarter last year, which indicates a positive year over year growth rate of 200%. The company is expected to announce its next earnings report on Thursday, February 6th.
According to Zacks, analysts expect that Orion Energy Systems will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.30 to $0.41. For the next fiscal year, analysts forecast that the firm will report earnings of $0.34 per share, with EPS estimates ranging from $0.32 to $0.36. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Orion Energy Systems.
Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, November 6th. The electronics maker reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.15. The firm had revenue of $48.32 million for the quarter, compared to analyst estimates of $33.72 million. Orion Energy Systems had a return on equity of 41.75% and a net margin of 7.07%.
Several research analysts have commented on OESX shares. B. Riley assumed coverage on shares of Orion Energy Systems in a research report on Wednesday, September 4th. They set a “buy” rating and a $4.00 price objective for the company. ValuEngine lowered shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Roth Capital downgraded shares of Orion Energy Systems from a “buy” rating to a “neutral” rating and set a $3.00 target price for the company. in a research note on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $3.63.
Shares of NASDAQ:OESX traded up $0.01 during trading on Friday, reaching $2.95. 300 shares of the company traded hands, compared to its average volume of 608,903. The firm has a market capitalization of $88.58 million, a PE ratio of -12.83 and a beta of 2.15. Orion Energy Systems has a 52 week low of $0.53 and a 52 week high of $3.84. The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $2.91 and its two-hundred day moving average is $2.77.
In other Orion Energy Systems news, COO Scott A. Green sold 95,642 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $3.02, for a total transaction of $288,838.84. Following the transaction, the chief operating officer now directly owns 526,697 shares in the company, valued at approximately $1,590,624.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Potts sold 29,546 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $3.79, for a total transaction of $111,979.34. Following the sale, the director now directly owns 645,797 shares of the company’s stock, valued at approximately $2,447,570.63. The disclosure for this sale can be found here. Over the last quarter, insiders sold 408,831 shares of company stock valued at $1,338,296. 11.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in shares of Orion Energy Systems during the second quarter worth about $32,000. Squarepoint Ops LLC bought a new position in Orion Energy Systems in the 3rd quarter valued at about $35,000. Jane Street Group LLC acquired a new position in Orion Energy Systems during the 2nd quarter valued at about $51,000. Susquehanna International Group LLP bought a new stake in Orion Energy Systems during the 2nd quarter worth approximately $59,000. Finally, Bailard Inc. bought a new stake in Orion Energy Systems during the 2nd quarter worth approximately $91,000. Hedge funds and other institutional investors own 38.32% of the company’s stock.
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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