Wall Street analysts expect Orion Energy Systems, Inc. (NASDAQ:OESX) to announce $15.44 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Orion Energy Systems’ earnings, with the highest sales estimate coming in at $17.00 million and the lowest estimate coming in at $13.87 million. Orion Energy Systems posted sales of $15.42 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.1%. The company is scheduled to report its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Orion Energy Systems will report full-year sales of $65.77 million for the current financial year, with estimates ranging from $65.30 million to $66.23 million. For the next fiscal year, analysts forecast that the business will report sales of $79.71 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Tuesday, August 7th. The electronics maker reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). Orion Energy Systems had a negative return on equity of 35.90% and a negative net margin of 15.03%. The company had revenue of $13.82 million for the quarter, compared to analyst estimates of $14.80 million.

Several analysts have recently commented on OESX shares. Zacks Investment Research cut Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 11th. HC Wainwright set a $2.00 price objective on Orion Energy Systems and gave the company a “buy” rating in a research note on Wednesday, August 8th. Finally, Roth Capital set a $1.00 price objective on Orion Energy Systems and gave the company a “hold” rating in a research note on Tuesday, August 7th.

Shares of OESX traded down $0.03 during mid-day trading on Friday, hitting $0.95. The company’s stock had a trading volume of 40,381 shares, compared to its average volume of 73,719. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.64 and a quick ratio of 1.08. The stock has a market capitalization of $28.25 million, a P/E ratio of -2.53 and a beta of 0.69. Orion Energy Systems has a 1-year low of $0.70 and a 1-year high of $1.25.

A hedge fund recently raised its stake in Orion Energy Systems stock. North Star Investment Management Corp. boosted its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100,813 shares of the electronics maker’s stock after purchasing an additional 91,000 shares during the period. North Star Investment Management Corp. owned about 10.54% of Orion Energy Systems worth $2,977,000 as of its most recent SEC filing. 40.64% of the stock is owned by institutional investors and hedge funds.

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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