Orion Group Holdings, Inc. (NYSE:ORN) Expected to Announce Earnings of -$0.06 Per Share

Wall Street brokerages forecast that Orion Group Holdings, Inc. (NYSE:ORNGet Rating) will post earnings per share of ($0.06) for the current quarter, according to Zacks. Four analysts have made 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 suggests a negative year-over-year growth rate of 220%. The company is scheduled to announce its next quarterly 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 fiscal year, with EPS estimates ranging from ($0.14) to $0.04. For the next financial year, analysts expect that the firm will report earnings of $0.23 per share, with EPS estimates ranging from $0.15 to $0.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Orion Group.

Orion Group (NYSE:ORNGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The construction company reported ($0.10) EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $150.19 million.

A number of analysts recently issued reports on the company. TheStreet cut Orion Group from a “c-” rating to a “d” rating in a research report on Friday, February 11th. B. Riley reduced their price target on Orion Group from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Friday, March 4th. StockNews.com began coverage on Orion Group in a report on Friday, April 15th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of Orion Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.25.

Several hedge funds and other institutional investors have recently modified their holdings of ORN. Barclays PLC lifted its holdings in Orion Group by 594.2% in the 3rd quarter. Barclays PLC now owns 5,984 shares of the construction company’s stock worth $33,000 after purchasing an additional 5,122 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Orion Group in the third quarter worth $59,000. Koss Olinger Consulting LLC bought a new stake in shares of Orion Group during the 4th quarter worth $41,000. LPL Financial LLC acquired a new position in Orion Group in the 3rd quarter valued at $61,000. Finally, Susquehanna International Group LLP raised its holdings in Orion Group by 318.6% in the 4th quarter. Susquehanna International Group LLP now owns 15,078 shares of the construction company’s stock worth $57,000 after acquiring an additional 21,977 shares during the period. 57.88% of the stock is currently owned by institutional investors and hedge funds.

Orion Group stock opened at $2.84 on Thursday. Orion Group has a 12 month low of $2.10 and a 12 month high of $6.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.21. The company’s fifty day simple moving average is $2.49 and its 200-day simple moving average is $3.32.

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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