Analysts forecast that Orion Energy Systems, Inc (NASDAQ:OESX) will announce earnings per share (EPS) of ($0.06) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Orion Energy Systems’ earnings, with estimates ranging from ($0.08) to ($0.04). Orion Energy Systems posted earnings of ($0.04) per share during the same quarter last year, which suggests a negative year over year growth rate of 50%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Orion Energy Systems will report full year earnings of ($0.49) per share for the current financial year, with EPS estimates ranging from ($0.53) to ($0.45). For the next financial year, analysts forecast that the firm will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.20) to ($0.10). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Orion Energy Systems.
Several research firms recently weighed in on OESX. Zacks Investment Research downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. HC Wainwright reaffirmed a “buy” rating on shares of Orion Energy Systems in a research report on Friday, November 3rd. Finally, ValuEngine cut shares of Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $1.67.
Shares of Orion Energy Systems (NASDAQ OESX) remained flat at $$0.88 during midday trading on Friday. The company had a trading volume of 54,082 shares, compared to its average volume of 119,284. Orion Energy Systems has a 12-month low of $0.80 and a 12-month high of $2.57. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.
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A number of institutional investors and hedge funds have recently made changes to their positions in OESX. IFC Holdings Incorporated FL purchased a new stake in Orion Energy Systems in the second quarter valued at $128,000. Prudential Financial Inc. lifted its position in Orion Energy Systems by 11.1% in the second quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock valued at $132,000 after acquiring an additional 10,300 shares during the last quarter. New York State Common Retirement Fund lifted its position in Orion Energy Systems by 11.3% in the second quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock valued at $730,000 after acquiring an additional 57,799 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Orion Energy Systems by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock valued at $948,000 after acquiring an additional 20,146 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock valued at $1,599,000 after acquiring an additional 54,000 shares during the last quarter. 44.66% of the stock is owned by hedge funds and other institutional investors.
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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