Jefferies Group Analysts Cut Earnings Estimates for Orange (ORAN)

Orange (NYSE:ORAN) – Stock analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Orange in a note issued to investors on Friday. Jefferies Group analyst J. Dellis now expects that the technology company will earn $1.24 per share for the year, down from their previous estimate of $1.33. Jefferies Group also issued estimates for Orange’s FY2018 earnings at $1.39 EPS.

Several other equities research analysts have also weighed in on the company. Berenberg Bank upgraded Orange from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Gabelli reiterated a “buy” rating on shares of Orange in a research note on Friday, December 1st. Zacks Investment Research lowered Orange from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Bank of America upgraded Orange from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. Finally, BidaskClub lowered Orange from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Orange presently has an average rating of “Hold” and a consensus price target of $18.00.

Shares of Orange (NYSE ORAN) opened at $18.17 on Monday. Orange has a 12 month low of $14.94 and a 12 month high of $18.18. The firm has a market capitalization of $48,350.00, a P/E ratio of 90.85 and a beta of 0.62. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.91.

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of Orange by 99.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,098 shares of the technology company’s stock valued at $175,000 after purchasing an additional 5,036 shares during the period. Miles Capital Inc. acquired a new position in shares of Orange in the 2nd quarter valued at $173,000. HighTower Advisors LLC increased its position in shares of Orange by 3.1% in the 2nd quarter. HighTower Advisors LLC now owns 11,058 shares of the technology company’s stock valued at $175,000 after buying an additional 331 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of Orange in the 2nd quarter valued at $190,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Orange in the 3rd quarter valued at $217,000. 1.18% of the stock is currently owned by institutional investors.

The company also recently disclosed a semiannual dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were issued a dividend of $0.294 per share. This represents a yield of 3.57%. The ex-dividend date was Friday, December 1st. Orange’s dividend payout ratio is 260.00%.

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Orange Company Profile

Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.

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