Equities research analysts expect Orion Group Holdings Inc (NYSE:ORN) to report sales of $156.13 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Orion Group’s earnings. The highest sales estimate is $170.00 million and the lowest is $145.00 million. Orion Group posted sales of $162.21 million in the same quarter last year, which suggests a negative year over year growth rate of 3.7%. The firm is expected to issue its next earnings report on Thursday, March 14th.

According to Zacks, analysts expect that Orion Group will report full-year sales of $591.13 million for the current year, with estimates ranging from $566.70 million to $631.60 million. For the next financial year, analysts expect that the business will report sales of $646.85 million, with estimates ranging from $635.54 million to $655.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Orion Group.

Orion Group (NYSE:ORN) last announced its earnings results on Thursday, November 1st. The construction company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. Orion Group had a net margin of 1.63% and a return on equity of 0.38%. The business had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $140.40 million.

A number of equities research analysts have recently commented on ORN shares. B. Riley reaffirmed a “neutral” rating and issued a $7.00 target price (down from $11.00) on shares of Orion Group in a report on Friday, October 19th. Canaccord Genuity reduced their target price on shares of Orion Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, October 19th. Zacks Investment Research cut shares of Orion Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine cut shares of Orion Group from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, Noble Financial set a $10.00 target price on shares of Orion Group and gave the company a “buy” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.63.

In other news, Director Austin J. Shanfelter sold 4,606 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $8.08, for a total transaction of $37,216.48. Following the transaction, the director now directly owns 33,292 shares in the company, valued at $268,999.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Bridgeway Capital Management Inc. increased its stake in shares of Orion Group by 24.7% during the third quarter. Bridgeway Capital Management Inc. now owns 390,044 shares of the construction company’s stock worth $2,945,000 after acquiring an additional 77,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Orion Group during the third quarter worth about $498,000. Dimensional Fund Advisors LP increased its stake in shares of Orion Group by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,422,283 shares of the construction company’s stock worth $18,288,000 after acquiring an additional 71,779 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Orion Group by 52.2% during the third quarter. Panagora Asset Management Inc. now owns 167,904 shares of the construction company’s stock worth $1,268,000 after acquiring an additional 57,602 shares during the period. Finally, Walthausen & Co. LLC acquired a new position in shares of Orion Group during the third quarter worth about $1,325,000. Institutional investors and hedge funds own 89.18% of the company’s stock.

Shares of NYSE:ORN traded up $0.27 on Thursday, reaching $4.60. The company’s stock had a trading volume of 880,700 shares, compared to its average volume of 158,782. Orion Group has a 52-week low of $4.32 and a 52-week high of $9.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.55 and a current ratio of 1.59. The stock has a market capitalization of $128.32 million, a price-to-earnings ratio of -33.29 and a beta of 1.47.

Orion Group Company Profile

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's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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