Orion Group (NYSE:ORN) Announces Earnings Results

Orion Group (NYSE:ORN) posted its earnings results on Wednesday. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19), Zacks reports. The firm had revenue of $192.17 million for the quarter, compared to analyst estimates of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same period in the previous year, the firm earned ($0.14) earnings per share.

Orion Group Price Performance

Shares of ORN stock traded up $0.63 during midday trading on Friday, reaching $8.54. 1,251,108 shares of the company were exchanged, compared to its average volume of 824,419. Orion Group has a 12 month low of $3.13 and a 12 month high of $12.12. The company has a market cap of $280.59 million, a P/E ratio of -24.40, a PEG ratio of 1.62 and a beta of 0.84. The company’s 50 day moving average price is $9.64 and its two-hundred day moving average price is $8.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.33.

Insiders Place Their Bets

In related news, CFO Gordon Scott Thanisch purchased 4,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average cost of $7.12 per share, for a total transaction of $28,480.00. Following the transaction, the chief financial officer now owns 167,811 shares of the company’s stock, valued at $1,194,814.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Austin J. Shanfelter sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the sale, the director now directly owns 437,734 shares in the company, valued at approximately $3,943,983.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gordon Scott Thanisch bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average price of $7.12 per share, for a total transaction of $28,480.00. Following the completion of the acquisition, the chief financial officer now directly owns 167,811 shares in the company, valued at $1,194,814.32. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 8,560 shares of company stock worth $60,995. 7.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORN. Craig Hallum began coverage on shares of Orion Group in a research note on Tuesday, May 14th. They set a “buy” rating and a $14.00 target price for the company. StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, B. Riley boosted their target price on shares of Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, June 4th.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.