Brokerages Expect Orion Energy Systems, Inc. (NASDAQ:OESX) to Post $0.10 EPS

Equities analysts forecast that Orion Energy Systems, Inc. (NASDAQ:OESX) will post earnings per share of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Orion Energy Systems’ earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.09. Orion Energy Systems posted earnings of $0.14 per share in the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 10th.

According to Zacks, analysts expect that Orion Energy Systems will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.39. For the next year, analysts forecast that the business will report earnings of $0.46 per share, with EPS estimates ranging from $0.35 to $0.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Tuesday, November 9th. The electronics maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $36.51 million during the quarter, compared to analyst estimates of $39.03 million. Orion Energy Systems had a net margin of 21.54% and a return on equity of 21.38%. During the same period in the previous year, the firm earned $0.06 EPS.

Several equities analysts recently weighed in on OESX shares. B. Riley lowered Orion Energy Systems from a “buy” rating to a “neutral” rating and lifted their price target for the company from $5.00 to $8.50 in a research note on Wednesday, November 10th. Zacks Investment Research downgraded Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.08.

Shares of OESX stock traded down $0.06 during mid-day trading on Friday, hitting $4.24. 245,785 shares of the stock were exchanged, compared to its average volume of 469,948. Orion Energy Systems has a 52-week low of $3.24 and a 52-week high of $11.98. The company has a market cap of $131.75 million, a PE ratio of 4.04 and a beta of 2.20. The firm has a fifty day moving average of $3.78 and a 200 day moving average of $4.25.

In other Orion Energy Systems news, CEO Michael W. Altschaefl purchased 10,000 shares of the stock in a transaction dated Wednesday, November 24th. The stock was acquired at an average cost of $3.63 per share, for a total transaction of $36,300.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott A. Green sold 47,665 shares of the company’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $3.97, for a total transaction of $189,230.05. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in shares of Orion Energy Systems in the 2nd quarter valued at $67,000. Algert Global LLC purchased a new stake in Orion Energy Systems during the 2nd quarter worth about $74,000. LMR Partners LLP acquired a new position in shares of Orion Energy Systems during the 2nd quarter worth about $82,000. F3Logic LLC acquired a new position in shares of Orion Energy Systems during the 3rd quarter worth about $117,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Orion Energy Systems in the 2nd quarter valued at about $134,000. 60.87% of the stock is owned by institutional investors.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: U.S. Markets (USM); Orion Engineered Systems (OES), and Orion Distribution Services (ODS). The U.S. Markets segment produces, and sells commercial lighting, and energy management systems to the wholesale contractors.

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