-$0.09 Earnings Per Share Expected for Orion Group Holdings (ORN) This Quarter

Analysts expect that Orion Group Holdings (NYSE:ORN) will announce ($0.09) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Orion Group’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.07). Orion Group posted earnings per share of ($0.07) in the same quarter last year, which indicates a negative year-over-year growth rate of 28.6%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Orion Group will report full-year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.20. For the next financial year, analysts expect that the firm will report earnings of $0.36 per share, with EPS estimates ranging from $0.20 to $0.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Orion Group.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Thursday, March 8th. The construction company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12. The company had revenue of $162.20 million during the quarter, compared to the consensus estimate of $176.06 million. Orion Group had a negative return on equity of 1.74% and a net margin of 0.07%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS.

Several analysts have recently issued reports on the company. Noble Financial assumed coverage on Orion Group in a research note on Thursday, January 25th. They set a “buy” rating and a $10.00 price target for the company. Zacks Investment Research upgraded Orion Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine downgraded Orion Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $9.00 target price on shares of Orion Group in a research note on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Orion Group has a consensus rating of “Hold” and an average price target of $9.75.

Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in Orion Group by 17.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,887 shares of the construction company’s stock valued at $186,000 after purchasing an additional 3,721 shares during the period. SG Americas Securities LLC bought a new stake in Orion Group during the 4th quarter valued at approximately $188,000. Wells Fargo & Company MN boosted its stake in Orion Group by 69.6% during the 3rd quarter. Wells Fargo & Company MN now owns 32,271 shares of the construction company’s stock valued at $212,000 after purchasing an additional 13,240 shares during the period. Arizona State Retirement System boosted its stake in Orion Group by 223.9% during the 4th quarter. Arizona State Retirement System now owns 47,397 shares of the construction company’s stock valued at $371,000 after purchasing an additional 32,762 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Orion Group by 29.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,858 shares of the construction company’s stock valued at $450,000 after purchasing an additional 16,294 shares during the period. Hedge funds and other institutional investors own 90.12% of the company’s stock.

ORN opened at $6.87 on Monday. Orion Group has a 52-week low of $5.17 and a 52-week high of $8.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.54 and a current ratio of 1.57.

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Orion Group Company Profile

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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