Orion Group (ORN) to Release Earnings on Wednesday

Orion Group (NYSE:ORN) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Orion Group had a negative net margin of 2.51% and a negative return on equity of 9.14%. The firm had revenue of $201.59 million for the quarter, compared to analyst estimates of $191.31 million. On average, analysts expect Orion Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Orion Group Price Performance

Shares of NYSE ORN opened at $7.95 on Wednesday. The firm’s 50-day moving average price is $7.62 and its 200-day moving average price is $5.93. Orion Group has a 1-year low of $2.33 and a 1-year high of $9.84. The firm has a market capitalization of $257.90 million, a P/E ratio of -14.45, a P/E/G ratio of 1.69 and a beta of 0.70. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31.

Insider Transactions at Orion Group

In other news, CEO Travis J. Boone acquired 12,000 shares of Orion Group stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $7.01 per share, with a total value of $84,120.00. Following the transaction, the chief executive officer now owns 402,557 shares of the company’s stock, valued at approximately $2,821,924.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Edward Chipman Earle acquired 8,000 shares of Orion Group stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $6.88 per share, with a total value of $55,040.00. Following the transaction, the executive vice president now owns 69,602 shares of the company’s stock, valued at approximately $478,861.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Travis J. Boone acquired 12,000 shares of Orion Group stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $7.01 per share, with a total value of $84,120.00. Following the completion of the transaction, the chief executive officer now directly owns 402,557 shares in the company, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. Insiders acquired a total of 22,430 shares of company stock valued at $156,340 over the last three months. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Orion Group

A number of institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its position in Orion Group by 194.6% in the 3rd quarter. UBS Group AG now owns 6,508 shares of the construction company’s stock worth $35,000 after purchasing an additional 4,299 shares in the last quarter. State Street Corp grew its position in shares of Orion Group by 4.6% during the 1st quarter. State Street Corp now owns 118,178 shares of the construction company’s stock valued at $293,000 after acquiring an additional 5,207 shares during the period. BlackRock Inc. grew its position in shares of Orion Group by 0.9% during the 1st quarter. BlackRock Inc. now owns 596,920 shares of the construction company’s stock valued at $1,546,000 after acquiring an additional 5,413 shares during the period. Geode Capital Management LLC grew its position in shares of Orion Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 273,750 shares of the construction company’s stock valued at $651,000 after acquiring an additional 6,615 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Orion Group during the 3rd quarter valued at approximately $36,000. 70.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. B. Riley reissued a “buy” rating and set a $9.50 target price (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com downgraded shares of Orion Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.