Brokerages Expect Orion Group Holdings, Inc. (NYSE:ORN) to Announce -$0.11 EPS

Analysts forecast that Orion Group Holdings, Inc. (NYSE:ORN) will report ($0.11) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Orion Group’s earnings. The lowest EPS estimate is ($0.19) and the highest is $0.06. Orion Group posted earnings per share of $0.23 in the same quarter last year, which indicates a negative year over year growth rate of 147.8%. The firm is expected to report its next quarterly earnings report on Wednesday, October 27th.

According to Zacks, analysts expect that Orion Group will report full-year earnings of $0.01 per share for the current year, with EPS estimates ranging from ($0.14) to $0.29. For the next fiscal year, analysts anticipate that the business will report earnings of $0.36 per share, with EPS estimates ranging from $0.17 to $0.61. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Orion Group.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Wednesday, July 28th. The construction company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Orion Group had a return on equity of 8.41% and a net margin of 3.02%. The company had revenue of $145.88 million for the quarter, compared to analyst estimates of $168.95 million.

A number of brokerages have recently weighed in on ORN. B. Riley lowered Orion Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $7.50 to $5.50 in a research note on Friday, July 30th. Zacks Investment Research lowered Orion Group from a “hold” rating to a “sell” rating in a research note on Friday, July 30th. Finally, Noble Financial restated a “buy” rating and issued a $9.00 target price on shares of Orion Group in a research note on Monday, September 20th.

Institutional investors have recently bought and sold shares of the stock. Brandywine Global Investment Management LLC bought a new position in Orion Group in the first quarter valued at about $76,000. Advisor Group Holdings Inc. bought a new position in Orion Group during the second quarter worth about $79,000. Barclays PLC bought a new position in Orion Group during the first quarter worth about $84,000. Trexquant Investment LP bought a new position in Orion Group during the first quarter worth about $84,000. Finally, Morgan Stanley boosted its holdings in Orion Group by 67.0% during the first quarter. Morgan Stanley now owns 17,520 shares of the construction company’s stock worth $107,000 after buying an additional 7,028 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Orion Group stock traded up $0.03 during mid-day trading on Friday, hitting $4.78. 164,396 shares of the company were exchanged, compared to its average volume of 194,805. Orion Group has a 1-year low of $2.68 and a 1-year high of $6.67. The company has a market capitalization of $147.76 million, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $5.32 and a 200 day moving average of $5.62.

Orion Group Company Profile

Orion Group Holdings, Inc engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities, pipelines, bridges and causeways and environmental structures.

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