Analysts Expect Orion Group Holdings, Inc. (NYSE:ORN) Will Announce Quarterly Sales of $159.20 Million

Wall Street analysts predict that Orion Group Holdings, Inc. (NYSE:ORNGet Rating) will report $159.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Orion Group’s earnings, with the highest sales estimate coming in at $168.34 million and the lowest estimate coming in at $153.45 million. Orion Group posted sales of $145.88 million during the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Orion Group will report full year sales of $651.73 million for the current financial year, with estimates ranging from $636.46 million to $670.00 million. For the next year, analysts expect that the company will post sales of $694.77 million, with estimates ranging from $690.65 million to $698.65 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Orion Group.

Orion Group (NYSE:ORNGet Rating) last released its quarterly earnings results on Wednesday, March 2nd. The construction company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.07). Orion Group had a negative net margin of 2.42% and a negative return on equity of 6.81%. The firm had revenue of $162.27 million for the quarter, compared to analysts’ expectations of $137.69 million. During the same quarter in the prior year, the business earned $0.12 EPS.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORN. Barclays PLC raised its stake in shares of Orion Group by 594.2% in the third quarter. Barclays PLC now owns 5,984 shares of the construction company’s stock valued at $33,000 after acquiring an additional 5,122 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of Orion Group during the fourth quarter worth about $41,000. Assenagon Asset Management S.A. purchased a new position in shares of Orion Group during the first quarter worth about $53,000. Susquehanna International Group LLP grew its holdings 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 during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Orion Group in the 3rd quarter valued at approximately $59,000. Institutional investors and hedge funds own 58.48% of the company’s stock.

ORN opened at $2.66 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $2.52 and a 200 day moving average of $3.50. The stock has a market cap of $80.34 million, a P/E ratio of -5.54 and a beta of 0.84. Orion Group has a 52-week low of $2.10 and a 52-week high of $6.50.

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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