Brokerages forecast that Orion Energy Systems, Inc. (NASDAQ:OESX) will post $17.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Orion Energy Systems’ earnings, with the highest sales estimate coming in at $18.50 million and the lowest estimate coming in at $16.50 million. Orion Energy Systems reported sales of $18.67 million in the same quarter last year, which would suggest a negative year over year growth rate of 6.1%. The company is scheduled to report its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Orion Energy Systems will report full-year sales of $17.53 million for the current financial year, with estimates ranging from $67.10 million to $77.30 million. For the next fiscal year, analysts forecast that the business will report sales of $91.19 million per share, with estimates ranging from $87.00 million to $95.38 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Friday, August 4th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.04. Orion Energy Systems had a negative return on equity of 37.61% and a negative net margin of 23.70%. The company had revenue of $12.56 million for the quarter, compared to analyst estimates of $15.94 million.

A number of analysts have recently weighed in on OESX shares. Roth Capital set a $1.00 target price on Orion Energy Systems and gave the company a “hold” rating in a research report on Wednesday, May 24th. ValuEngine downgraded Orion Energy Systems from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. HC Wainwright set a $3.00 target price on Orion Energy Systems and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research upgraded Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $2.08.

In other news, insider John H. Scribante sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $0.99, for a total transaction of $39,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John H. Scribante sold 137,218 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $1.27, for a total value of $174,266.86. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 23,000 shares of company stock valued at $31,140 and have sold 548,996 shares valued at $655,129. Corporate insiders own 9.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in shares of Orion Energy Systems by 0.9% during the 1st quarter. Prudential Financial Inc. now owns 92,700 shares of the electronics maker’s stock worth $184,000 after buying an additional 800 shares during the last quarter. IFC Holdings Incorporated FL bought a new stake in shares of Orion Energy Systems during the 2nd quarter worth $128,000. Dimensional Fund Advisors LP lifted its position in shares of Orion Energy Systems by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock worth $948,000 after buying an additional 20,146 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Orion Energy Systems by 11.3% during the 2nd quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock worth $730,000 after buying an additional 57,799 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Orion Energy Systems by 7.2% during the 1st quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after buying an additional 54,000 shares during the last quarter. Hedge funds and other institutional investors own 44.73% of the company’s stock.

Orion Energy Systems (NASDAQ:OESX) opened at 1.08 on Tuesday. Orion Energy Systems has a 1-year low of $0.85 and a 1-year high of $2.57. The firm’s 50-day moving average price is $0.99 and its 200 day moving average price is $1.45. The firm’s market capitalization is $31.06 million.

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About Orion Energy Systems

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

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Earnings History and Estimates for Orion Energy Systems (NASDAQ:OESX)

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