Zacks: Analysts Anticipate Orion Energy Systems, Inc. (NASDAQ:OESX) Will Post Quarterly Sales of $27.91 Million

Brokerages expect that Orion Energy Systems, Inc. (NASDAQ:OESX – Get Rating) will announce $27.91 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Orion Energy Systems’ earnings. The highest sales estimate is $28.20 million and the lowest is $27.70 million. Orion Energy Systems posted sales of $35.50 million in the same quarter last year, which would indicate a negative year over year growth rate of 21.4%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Orion Energy Systems will report full year sales of $130.22 million for the current financial year, with estimates ranging from $130.00 million to $130.52 million. For the next fiscal year, analysts anticipate that the firm will post sales of $146.63 million, with estimates ranging from $130.00 million to $159.87 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX – Get Rating) last posted its quarterly earnings results on Wednesday, February 9th. The electronics maker reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The business had revenue of $30.71 million during the quarter, compared to analysts’ expectations of $30.48 million. Orion Energy Systems had a net margin of 21.33% and a return on equity of 13.75%. During the same quarter in the previous year, the business posted $0.14 EPS.

OESX has been the subject of a number of research reports. B. Riley decreased their price objective on shares of Orion Energy Systems from $5.00 to $4.00 in a report on Wednesday, January 19th. Craig Hallum dropped their price target on Orion Energy Systems from $13.00 to $8.00 in a research note on Wednesday, January 19th. StockNews.com assumed coverage on Orion Energy Systems in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.44.

A number of institutional investors and hedge funds have recently bought and sold shares of OESX. Geode Capital Management LLC increased its position in shares of Orion Energy Systems by 1.9% during the third quarter. Geode Capital Management LLC now owns 259,635 shares of the electronics maker’s stock valued at $1,009,000 after purchasing an additional 4,727 shares during the period. Jane Street Group LLC grew its position in Orion Energy Systems by 14.5% in the third quarter. Jane Street Group LLC now owns 54,775 shares of the electronics maker’s stock valued at $213,000 after acquiring an additional 6,942 shares during the period. Connors Investor Services Inc. grew its position in Orion Energy Systems by 13.1% in the fourth quarter. Connors Investor Services Inc. now owns 60,639 shares of the electronics maker’s stock valued at $220,000 after acquiring an additional 7,000 shares during the period. BNP Paribas Arbitrage SA grew its position in Orion Energy Systems by 40,194.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 7,656 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 7,637 shares during the period. Finally, Heartland Advisors Inc. grew its position in Orion Energy Systems by 0.6% in the third quarter. Heartland Advisors Inc. now owns 1,313,050 shares of the electronics maker’s stock valued at $5,108,000 after acquiring an additional 7,900 shares during the period. Hedge funds and other institutional investors own 63.02% of the company’s stock.

Orion Energy Systems stock remained flat at $$2.65 during mid-day trading on Friday. 589 shares of the company’s stock were exchanged, compared to its average volume of 222,382. The company has a market capitalization of $82.39 million, a price-to-earnings ratio of 2.79 and a beta of 2.20. The firm’s fifty day moving average is $3.00 and its 200 day moving average is $3.53. Orion Energy Systems has a 1 year low of $2.65 and a 1 year high of $6.78.

Orion Energy Systems Company Profile (Get Rating)

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates in three segments: Orion Engineered Systems, Orion Distribution Services, and Orion U.S.

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