Wall Street brokerages expect that Orion Group Holdings Inc (NYSE:ORN) will post sales of $161.27 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Orion Group’s earnings, with estimates ranging from $156.53 million to $166.00 million. Orion Group posted sales of $125.07 million in the same quarter last year, which would indicate a positive year over year growth rate of 28.9%. The company is expected to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that Orion Group will report full-year sales of $619.91 million for the current financial year, with estimates ranging from $603.71 million to $636.10 million. For the next year, analysts anticipate that the company will report sales of $656.63 million, with estimates ranging from $655.00 million to $658.25 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Orion Group.
Several equities research analysts have recently issued reports on the company. Mizuho reaffirmed a “buy” rating and issued a $7.10 price target on shares of Orion Group in a research report on Tuesday, July 2nd. Noble Financial reaffirmed a “buy” rating and issued a $7.10 price target on shares of Orion Group in a research report on Friday, August 9th. B. Riley raised their price target on Orion Group from $5.00 to $5.75 and gave the company a “buy” rating in a research report on Friday, August 2nd. ValuEngine raised Orion Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research raised Orion Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Orion Group presently has an average rating of “Buy” and a consensus target price of $6.54.
In related news, VP Peter R. Buchler bought 30,000 shares of Orion Group stock in a transaction that occurred on Friday, May 24th. The stock was acquired at an average price of $1.98 per share, for a total transaction of $59,400.00. Following the completion of the purchase, the vice president now owns 180,656 shares in the company, valued at $357,698.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert L. Tabb bought 20,000 shares of Orion Group stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of $1.94 per share, with a total value of $38,800.00. Following the purchase, the chief financial officer now owns 26,872 shares of the company’s stock, valued at approximately $52,131.68. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 63,285 shares of company stock worth $124,098. 7.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. White Pine Capital LLC bought a new stake in shares of Orion Group in the second quarter valued at about $27,000. Alambic Investment Management L.P. bought a new stake in shares of Orion Group in the second quarter valued at about $38,000. SG Americas Securities LLC lifted its stake 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 period. Susquehanna International Group LLP bought a new stake in shares of Orion Group in the second quarter valued at about $55,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Orion Group in the second quarter valued at about $57,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
Shares of NYSE:ORN traded up $0.12 during midday trading on Friday, hitting $4.31. The company’s stock had a trading volume of 149,600 shares, compared to its average volume of 272,661. The stock has a market capitalization of $127.36 million, a price-to-earnings ratio of -11.65 and a beta of 1.07. The stock’s 50 day simple moving average is $3.81 and its 200 day simple moving average is $3.26. Orion Group has a fifty-two week low of $1.80 and a fifty-two week high of $9.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.34 and a current ratio of 1.35.
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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