Orion Group (ORN) to Release Earnings on Wednesday

Orion Group (NYSE:ORN – Get Rating) is set to release its earnings data after the market closes on Wednesday, April 27th. Analysts expect Orion Group to post earnings of ($0.11) per share for the quarter.

Orion Group (NYSE:ORN – Get Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The construction company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.07). The company had revenue of $162.27 million for the quarter, compared to analysts’ expectations of $137.69 million. Orion Group had a negative return on equity of 6.81% and a negative net margin of 2.42%. During the same quarter in the previous year, the company earned $0.12 earnings per share. On average, analysts expect Orion Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of ORN stock opened at $2.40 on Wednesday. The firm has a market cap of $72.49 million, a P/E ratio of -5.00 and a beta of 0.84. Orion Group has a 1-year low of $2.10 and a 1-year high of $6.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 1.21. The firm’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $3.62.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of Orion Group by 3.6% during the third quarter. Invesco Ltd. now owns 102,568 shares of the construction company’s stock valued at $558,000 after purchasing an additional 3,584 shares during the period. Citadel Advisors LLC grew its position in shares of Orion Group by 538.3% during the fourth quarter. Citadel Advisors LLC now owns 65,749 shares of the construction company’s stock worth $248,000 after buying an additional 55,449 shares in the last quarter. Morgan Stanley grew its position in shares of Orion Group by 78.4% during the second quarter. Morgan Stanley now owns 31,254 shares of the construction company’s stock worth $180,000 after buying an additional 13,734 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Orion Group during the fourth quarter worth approximately $96,000. Finally, Susquehanna International Group LLP grew its position in shares of Orion Group by 318.6% during the fourth quarter. Susquehanna International Group LLP now owns 15,078 shares of the construction company’s stock worth $57,000 after buying an additional 21,977 shares in the last quarter. Institutional investors own 58.48% of the company’s stock.

Several research analysts recently commented on ORN shares. Zacks Investment Research lowered shares of Orion Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 10th. TheStreet lowered shares of Orion Group from a “c-” rating to a “d” rating in a report on Friday, February 11th. B. Riley cut their price target on shares of Orion Group from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Friday, March 4th. Finally, StockNews.com started coverage on shares of Orion Group in a report on Friday, April 15th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.25.

Orion Group Company Profile (Get Rating)

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 provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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