Wall Street brokerages expect Orion Group Holdings Inc (NYSE:ORN) to announce $159.27 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Orion Group’s earnings, with estimates ranging from $156.53 million to $162.00 million. Orion Group posted sales of $125.07 million during the same quarter last year, which suggests a positive year-over-year growth rate of 27.3%. The business is scheduled to report its next earnings results on Thursday, November 7th.
On average, analysts expect that Orion Group will report full year sales of $616.91 million for the current fiscal year, with estimates ranging from $603.71 million to $630.10 million. For the next financial year, analysts anticipate that the company will post sales of $641.63 million, with estimates ranging from $625.00 million to $658.25 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Orion Group.
Several equities research analysts have recently commented on ORN shares. Mizuho restated a “buy” rating and issued a $7.10 target price on shares of Orion Group in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Orion Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. ValuEngine upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. B. Riley boosted their target price on shares of Orion Group from $5.00 to $5.75 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Noble Financial restated a “buy” rating and issued a $7.10 target price on shares of Orion Group in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $6.54.
Institutional investors have recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. bought a new position in shares of Orion Group in the second quarter valued at about $38,000. SG Americas Securities LLC raised its holdings in shares of Orion Group by 42.9% in the first quarter. SG Americas Securities LLC now owns 16,374 shares of the construction company’s stock valued at $48,000 after buying an additional 4,914 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Orion Group in the second quarter valued at about $57,000. Advisory Services Network LLC bought a new position in shares of Orion Group in the second quarter valued at about $68,000. Finally, BBR Partners LLC bought a new position in shares of Orion Group in the second quarter valued at about $74,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:ORN traded up $0.12 on Friday, hitting $4.19. The stock had a trading volume of 174,855 shares, compared to its average volume of 320,597. Orion Group has a twelve month low of $1.80 and a twelve month high of $9.24. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $3.73. The company has a market cap of $124.41 million, a P/E ratio of -11.32 and a beta of 1.07.
About Orion Group
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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