Zacks: Brokerages Expect Orion Group Holdings (ORN) Will Announce Earnings of -$0.09 Per Share

Equities analysts expect that Orion Group Holdings (NYSE:ORN) will post earnings per share (EPS) of ($0.09) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Orion Group’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.07). Orion Group posted earnings per share of ($0.07) in the same quarter last year, which suggests a negative year over year growth rate of 28.6%. The company is scheduled to issue its next earnings results on Thursday, May 3rd.

On average, analysts expect that Orion Group will report full year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.06 to $0.20. For the next year, analysts expect that the firm will report earnings of $0.33 per share, with EPS estimates ranging from $0.20 to $0.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Orion Group.

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Orion Group (NYSE:ORN) last issued its earnings results on Thursday, March 8th. The construction company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. Orion Group had a negative return on equity of 1.74% and a net margin of 0.07%. The business had revenue of $162.20 million during the quarter, compared to the consensus estimate of $176.06 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year.

A number of brokerages have recently issued reports on ORN. Zacks Investment Research downgraded Orion Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Noble Financial began coverage on Orion Group in a research report on Thursday, January 25th. They set a “buy” rating and a $10.00 price target for the company. B. Riley reiterated a “buy” rating and set a $10.00 price target on shares of Orion Group in a research report on Monday, December 11th. ValuEngine downgraded Orion Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $9.00 price target on shares of Orion Group in a research report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Orion Group has an average rating of “Hold” and an average target price of $9.75.

Shares of Orion Group (NYSE ORN) traded down $0.13 during midday trading on Tuesday, reaching $7.57. The company’s stock had a trading volume of 54,974 shares, compared to its average volume of 94,798. Orion Group has a fifty-two week low of $5.17 and a fifty-two week high of $8.61. The company has a current ratio of 1.57, a quick ratio of 1.54 and a debt-to-equity ratio of 0.27. The company has a market cap of $219.11, a P/E ratio of 757.76 and a beta of 1.32.

Several institutional investors and hedge funds have recently modified their holdings of ORN. Teachers Advisors LLC lifted its position in Orion Group by 17.0% in the 4th quarter. Teachers Advisors LLC now owns 58,825 shares of the construction company’s stock worth $461,000 after buying an additional 8,568 shares during the last quarter. Two Sigma Investments LP lifted its position in Orion Group by 10.6% in the 4th quarter. Two Sigma Investments LP now owns 83,082 shares of the construction company’s stock worth $651,000 after buying an additional 7,978 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in Orion Group in the 4th quarter worth approximately $458,000. Brandes Investment Partners LP lifted its position in Orion Group by 31.3% in the 4th quarter. Brandes Investment Partners LP now owns 555,252 shares of the construction company’s stock worth $4,348,000 after buying an additional 132,234 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Orion Group by 0.9% in the 4th quarter. BlackRock Inc. now owns 3,613,061 shares of the construction company’s stock worth $28,290,000 after buying an additional 31,520 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

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Orion Group Company Profile

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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