FY2018 EPS Estimates for Orion Group Holdings Inc Boosted by Analyst (NYSE:ORN)

Orion Group Holdings Inc (NYSE:ORN) – Equities research analysts at B. Riley increased their FY2018 EPS estimates for shares of Orion Group in a research note issued on Wednesday, Zacks Investment Research reports. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.22. B. Riley currently has a “Buy” rating and a $10.00 price target on the stock.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The firm had revenue of $140.20 million for the quarter, compared to analyst estimates of $166.08 million. During the same period last year, the company earned $0.17 EPS. The company’s revenue was down 14.5% compared to the same quarter last year.

ORN has been the topic of a number of other research reports. Zacks Investment Research upgraded Orion Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Canaccord Genuity upgraded Orion Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut Orion Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.00.

Orion Group (NYSE ORN) opened at $8.00 on Monday. Orion Group has a 12-month low of $5.17 and a 12-month high of $11.11. The firm has a market capitalization of $230.95, a P/E ratio of -14.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.49.

Large investors have recently added to or reduced their stakes in the stock. QS Investors LLC raised its position in Orion Group by 94.3% in the second quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after purchasing an additional 6,613 shares during the last quarter. Stevens Capital Management LP raised its position in Orion Group by 8.7% in the second quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock valued at $107,000 after purchasing an additional 1,151 shares during the last quarter. Arizona State Retirement System raised its position in Orion Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after purchasing an additional 100 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Orion Group in the second quarter valued at about $133,000. Finally, Voya Investment Management LLC raised its position in Orion Group by 21.6% in the second quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock valued at $134,000 after purchasing an additional 3,175 shares during the last quarter. 85.48% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Mark R. Stauffer sold 20,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total transaction of $151,200.00. Following the sale, the insider now directly owns 362,631 shares of the company’s stock, valued at approximately $2,741,490.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Austin J. Shanfelter sold 9,721 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.50, for a total value of $72,907.50. Following the sale, the director now directly owns 31,430 shares in the company, valued at $235,725. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.

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Orion Group Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

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