Orion Group Holdings (ORN) Earning Favorable Press Coverage, Report Finds
Headlines about Orion Group Holdings (NYSE:ORN) have been trending positive on Monday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Orion Group Holdings earned a news impact score of 0.42 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.5624061058204 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Orion Group Holdings (NYSE:ORN) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.16). The business had revenue of $137.40 million for the quarter, compared to the consensus estimate of $161.68 million. Orion Group Holdings had a positive return on equity of 1.37% and a negative net margin of 0.98%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned ($0.03) earnings per share.
A number of analysts recently weighed in on ORN shares. Zacks Investment Research cut shares of Orion Group Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Canaccord Genuity reduced their target price on shares of Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating for the company in a report on Friday, August 4th. Finally, FBR & Co reduced their target price on shares of Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Orion Group Holdings currently has a consensus rating of “Hold” and an average target price of $8.25.
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Orion Group Holdings Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in 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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