Orion Energy Systems (OESX) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Orion Energy Systems (NASDAQ:OESX) posted its earnings results on Wednesday. The electronics maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01, Bloomberg Earnings reports. The company had revenue of $17.26 million during the quarter, compared to the consensus estimate of $18.55 million. Orion Energy Systems had a negative net margin of 31.32% and a negative return on equity of 54.53%.

Shares of Orion Energy Systems (NASDAQ OESX) opened at $0.77 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The company has a market cap of $22.56, a PE ratio of -1.15 and a beta of 1.12. Orion Energy Systems has a 52-week low of $0.73 and a 52-week high of $2.11.

Several equities research analysts have recently commented on the stock. HC Wainwright reissued a “buy” rating on shares of Orion Energy Systems in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $1.33.

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Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

Earnings History for Orion Energy Systems (NASDAQ:OESX)

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