Orion Marine Group Inc. (ORN) to Post Q4 2016 Earnings of $0.06 Per Share, DA Davidson Forecasts
Orion Marine Group Inc. (NYSE:ORN) – Research analysts at DA Davidson decreased their Q4 2016 EPS estimates for shares of Orion Marine Group in a research note issued on Wednesday. DA Davidson analyst J. Rogers now anticipates that the brokerage will earn $0.06 per share for the quarter, down from their previous estimate of $0.10. DA Davidson currently has a “Neutral” rating and a $8.00 target price on the stock. DA Davidson also issued estimates for Orion Marine Group’s Q2 2017 earnings at $0.08 EPS and Q3 2017 earnings at $0.18 EPS.
ORN has been the subject of several other research reports. FBR & Co upgraded Orion Marine Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $6.00 to $9.00 in a research note on Thursday, October 6th. Zacks Investment Research downgraded Orion Marine Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Imperial Capital raised their target price on Orion Marine Group from $6.00 to $6.50 and gave the stock an “in-line” rating in a research note on Monday, August 8th. TheStreet upgraded Orion Marine Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. Finally, Canaccord Genuity set a $5.50 target price on Orion Marine Group and gave the stock a “hold” rating in a research note on Saturday, August 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.75.
Orion Marine Group (NYSE:ORN) opened at 9.80 on Monday. The stock has a 50 day moving average price of $8.45 and a 200 day moving average price of $6.40. Orion Marine Group has a 1-year low of $3.25 and a 1-year high of $10.02. The firm has a market cap of $271.26 million, a P/E ratio of 64.47 and a beta of 1.19.
Orion Marine Group (NYSE:ORN) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Orion Marine Group had a return on equity of 1.83% and a net margin of 0.70%. The company earned $164 million during the quarter, compared to the consensus estimate of $177.14 million. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. The firm’s revenue was up 19.6% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of the stock. BlackRock Advisors LLC increased its stake in shares of Orion Marine Group by 15.5% in the third quarter. BlackRock Advisors LLC now owns 14,587 shares of the company’s stock worth $100,000 after buying an additional 1,962 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Orion Marine Group during the second quarter worth about $103,000. Acrospire Investment Management LLC acquired a new stake in shares of Orion Marine Group during the third quarter worth about $111,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Orion Marine Group during the third quarter worth about $123,000. Finally, BlackRock Group LTD increased its stake in shares of Orion Marine Group by 7.8% in the third quarter. BlackRock Group LTD now owns 18,055 shares of the company’s stock worth $124,000 after buying an additional 1,310 shares during the period. Hedge funds and other institutional investors own 86.77% of the company’s stock.
Orion Marine Group Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in the heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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