-$0.06 EPS Expected for Orion Group Holdings, Inc. (NYSE:ORN) This Quarter

Wall Street analysts predict that Orion Group Holdings, Inc. (NYSE:ORN – Get Rating) will announce earnings per share of ($0.06) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Orion Group’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.10). Orion Group posted earnings per share of $0.05 in the same quarter last year, which indicates a negative year over year growth rate of 220%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Orion Group will report full year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.14) to $0.04. For the next fiscal year, analysts expect that the firm will post earnings of $0.23 per share, with EPS estimates ranging from $0.15 to $0.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Orion Group.

Orion Group (NYSE:ORN – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The construction company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Orion Group had a negative net margin of 3.27% and a negative return on equity of 9.90%. The firm had revenue of $174.93 million during the quarter, compared to analysts’ expectations of $150.19 million.

ORN has been the subject of a number of analyst reports. StockNews.com began coverage on Orion Group in a report on Friday, April 15th. They set a “hold” rating for the company. TheStreet lowered shares of Orion Group from a “c-” rating to a “d” rating in a research report on Friday, February 11th. B. Riley dropped their price objective on shares of Orion Group from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Friday, March 4th. Finally, Zacks Investment Research raised Orion Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.25.

Shares of ORN stock opened at $2.84 on Thursday. The stock’s fifty day simple moving average is $2.49 and its 200 day simple moving average is $3.32. Orion Group has a one year low of $2.10 and a one year high of $6.50. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brandes Investment Partners LP increased its holdings in shares of Orion Group by 6.7% in the first quarter. Brandes Investment Partners LP now owns 3,264,231 shares of the construction company’s stock valued at $8,095,000 after purchasing an additional 204,322 shares in the last quarter. Grace & White Inc. NY increased its holdings in shares of Orion Group by 9.8% in the first quarter. Grace & White Inc. NY now owns 1,551,439 shares of the construction company’s stock valued at $3,848,000 after purchasing an additional 138,624 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Orion Group by 43.8% in the first quarter. Royce & Associates LP now owns 1,311,111 shares of the construction company’s stock valued at $3,252,000 after purchasing an additional 399,467 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Orion Group by 6.7% in the third quarter. BlackRock Inc. now owns 642,161 shares of the construction company’s stock valued at $3,494,000 after purchasing an additional 40,216 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Orion Group by 7.4% in the first quarter. Wellington Management Group LLP now owns 590,384 shares of the construction company’s stock valued at $1,464,000 after purchasing an additional 40,786 shares in the last quarter. 57.88% of the stock is owned by institutional investors.

About Orion Group (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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