$0.10 Earnings Per Share Expected for Orion Group Holdings, Inc. (ORN) This Quarter

Equities research analysts expect Orion Group Holdings, Inc. (NYSE:ORN) to post $0.10 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Orion Group Holdings’ earnings, with estimates ranging from $0.07 to $0.12. Orion Group Holdings posted earnings per share of $0.09 in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, March 8th.

On average, analysts expect that Orion Group Holdings will report full year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.26) to $0.10. For the next financial year, analysts forecast that the company will post earnings of $0.30 per share, with EPS estimates ranging from $0.11 to $0.40. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Orion Group Holdings.

Orion Group Holdings (NYSE:ORN) last released its earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.25). The company had revenue of $140.20 million during the quarter, compared to analysts’ expectations of $166.08 million. Orion Group Holdings had a negative net margin of 2.76% and a negative return on equity of 2.96%. The company’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share.

A number of research analysts recently issued reports on ORN shares. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 target price on shares of Orion Group Holdings in a report on Thursday, October 5th. ValuEngine downgraded Orion Group Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research raised Orion Group Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. FBR & Co decreased their price target on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 18th. Finally, B. Riley reaffirmed a “buy” rating on shares of Orion Group Holdings in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.50.

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Orion Group Holdings (NYSE:ORN) traded down $0.04 during trading hours on Monday, reaching $7.67. The company had a trading volume of 62,531 shares, compared to its average volume of 126,316. Orion Group Holdings has a 52-week low of $5.17 and a 52-week high of $11.11. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORN. QS Investors LLC increased its position in shares of Orion Group Holdings by 94.3% during the second quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock worth $102,000 after purchasing an additional 6,613 shares in the last quarter. Stevens Capital Management LP increased its position in Orion Group Holdings by 8.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock valued at $107,000 after acquiring an additional 1,151 shares during the period. Arizona State Retirement System increased its position in Orion Group Holdings by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after acquiring an additional 100 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Orion Group Holdings in the 2nd quarter valued at about $133,000. Finally, Voya Investment Management LLC increased its position in Orion Group Holdings by 21.6% in the 2nd quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock valued at $134,000 after acquiring an additional 3,175 shares during the period. 88.03% of the stock is owned by institutional investors.

Orion Group Holdings Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

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