Brokerages expect Orion Group Holdings Inc (NYSE:ORN) to announce earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Orion Group’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.05. Orion Group reported earnings per share of ($0.18) in the same quarter last year, which suggests a positive year over year growth rate of 111.1%. The business is expected to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Orion Group will report full-year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.46. For the next fiscal year, analysts expect that the firm will post earnings of $0.38 per share, with EPS estimates ranging from $0.23 to $0.45. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Orion Group.

Orion Group (NYSE:ORN) last announced its earnings results on Thursday, August 2nd. The construction company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. Orion Group had a net margin of 1.81% and a return on equity of 0.96%. The business had revenue of $159.77 million during the quarter, compared to analysts’ expectations of $150.97 million.

A number of analysts have commented on ORN shares. Zacks Investment Research cut shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. 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 research note 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 research note on Friday, August 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $10.00 price target on shares of Orion Group in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $10.13.

In other news, Director Austin J. Shanfelter sold 12,064 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $9.28, for a total value of $111,953.92. Following the transaction, the director now directly owns 34,686 shares of the company’s stock, valued at $321,886.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher James Dealmeida sold 5,999 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $9.50, for a total transaction of $56,990.50. Following the completion of the transaction, the chief financial officer now directly owns 89,132 shares in the company, valued at $846,754. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,163 shares of company stock valued at $344,894. Corporate insiders own 7.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Alambic Investment Management L.P. bought a new position in shares of Orion Group in the second quarter valued at about $314,000. Renaissance Technologies LLC increased its position in Orion Group by 1.3% during the second 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 during the period. Dimensional Fund Advisors LP increased its position in Orion Group by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,350,504 shares of the construction company’s stock worth $19,415,000 after acquiring an additional 126,243 shares during the period. BlackRock Inc. increased its position in Orion Group by 8.5% during the second quarter. BlackRock Inc. now owns 4,017,906 shares of the construction company’s stock worth $33,187,000 after acquiring an additional 315,502 shares during the period. Finally, Martingale Asset Management L P increased its position in Orion Group by 143.6% during the second quarter. Martingale Asset Management L P now owns 71,924 shares of the construction company’s stock worth $595,000 after acquiring an additional 42,403 shares during the period. 87.71% of the stock is currently owned by institutional investors.

ORN traded up $0.19 during trading hours on Friday, hitting $8.12. 1,500 shares of the company’s stock were exchanged, compared to its average volume of 141,902. Orion Group has a 1-year low of $5.75 and a 1-year high of $9.83. The stock has a market capitalization of $234.02 million, a price-to-earnings ratio of -58.00 and a beta of 1.14. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.24.

About Orion Group

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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