Zacks: Brokerages Anticipate Orion Group Holdings, Inc. (NYSE:ORN) to Announce -$0.06 EPS

Brokerages predict that Orion Group Holdings, Inc. (NYSE:ORNGet Rating) will announce earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Orion Group’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.03). Orion Group reported earnings of $0.05 per share during the same quarter last year, which would indicate a negative year over year growth rate of 220%. The business is expected to announce 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 year, with EPS estimates ranging from ($0.14) to $0.04. For the next fiscal year, analysts anticipate that the business will report earnings of $0.23 per share, with EPS estimates ranging from $0.15 to $0.30. Zacks’ EPS averages are a mean average based on a survey of research firms 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) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. Orion Group had a negative return on equity of 9.90% and a negative net margin of 3.27%. The business had revenue of $174.93 million during the quarter, compared to analyst estimates of $150.19 million.

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

Shares of Orion Group stock traded down $0.16 during trading hours on Thursday, reaching $2.53. The company had a trading volume of 60,157 shares, compared to its average volume of 136,587. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 1.20. Orion Group has a one year low of $2.10 and a one year high of $6.32. The firm has a market cap of $77.52 million, a PE ratio of -4.01 and a beta of 0.72. The business has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $3.27.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of Orion Group in the first quarter worth about $41,000. Wellington Management Group LLP boosted its position in Orion Group by 7.4% during the 1st quarter. Wellington Management Group LLP now owns 590,384 shares of the construction company’s stock valued at $1,464,000 after acquiring an additional 40,786 shares in the last quarter. State Street Corp boosted its position in 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 in the last quarter. Ancora Advisors LLC boosted its position in Orion Group by 95.9% during the 1st quarter. Ancora Advisors LLC now owns 537,673 shares of the construction company’s stock valued at $3,264,000 after acquiring an additional 263,261 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Orion Group by 37.8% during the 1st quarter. First Eagle Investment Management LLC now owns 105,021 shares of the construction company’s stock valued at $260,000 after acquiring an additional 28,783 shares in the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

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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