Zacks: Brokerages Anticipate Orion Group Holdings Inc (NYSE:ORN) to Announce $0.02 Earnings Per Share

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Equities analysts forecast that Orion Group Holdings Inc (NYSE:ORN) will post earnings per share of $0.02 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Orion Group’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.01. Orion Group posted earnings of ($0.28) per share in the same quarter last year, which would suggest a positive year over year growth rate of 107.1%. The business is expected to issue its next earnings results on Tuesday, March 24th.

According to Zacks, analysts expect that Orion Group will report full-year earnings of ($0.17) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.15). For the next fiscal year, analysts forecast that the firm will post earnings of $0.19 per share, with EPS estimates ranging from $0.06 to $0.30. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Orion Group.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. The firm had revenue of $199.51 million for the quarter, compared to the consensus estimate of $161.27 million. Orion Group had a negative net margin of 16.44% and a negative return on equity of 6.87%.

A number of research analysts have recently issued reports on ORN shares. Zacks Investment Research upgraded shares of Orion Group from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Saturday, November 2nd. ValuEngine downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. B. Riley lifted their price objective on shares of Orion Group from $5.00 to $5.75 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Noble Financial set a $7.10 price objective on shares of Orion Group and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $6.36.

Shares of NYSE ORN traded down $0.22 during midday trading on Thursday, reaching $5.33. The stock had a trading volume of 234,921 shares, compared to its average volume of 269,708. The firm has a market cap of $160.46 million, a price-to-earnings ratio of -14.41 and a beta of 1.11. Orion Group has a twelve month low of $1.80 and a twelve month high of $5.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.41 and a current ratio of 1.41. The company’s 50 day moving average price is $4.48 and its 200 day moving average price is $3.59.

Large investors have recently added to or reduced their stakes in the company. White Pine Capital LLC bought a new stake in shares of Orion Group in the 2nd quarter valued at $27,000. Alambic Investment Management L.P. bought a new stake in shares of Orion Group in the 2nd quarter valued at $38,000. Fruth Investment Management bought a new stake in shares of Orion Group in the 3rd quarter valued at $45,000. Susquehanna International Group LLP bought a new stake in shares of Orion Group in the 2nd quarter valued at $55,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Orion Group in the 2nd quarter valued at $57,000. Institutional investors own 78.04% of the company’s stock.

About Orion Group

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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