$0.11 EPS Expected for Orion Energy Systems, Inc. (NASDAQ:OESX) This Quarter


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Wall Street brokerages expect Orion Energy Systems, Inc. (NASDAQ:OESX) to announce earnings per share (EPS) of $0.11 for the current quarter, Zacks reports. Three analysts have made estimates for Orion Energy Systems’ earnings, with estimates ranging from $0.08 to $0.17. Orion Energy Systems posted earnings per share of ($0.02) during the same quarter last year, which suggests a positive year over year growth rate of 650%. The company is scheduled to issue its next earnings results on Thursday, June 3rd.

According to Zacks, analysts expect that Orion Energy Systems will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.21 to $0.30. For the next year, analysts forecast that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.37 to $0.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Thursday, February 11th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). Orion Energy Systems had a net margin of 1.51% and a return on equity of 4.78%. The business had revenue of $44.25 million during the quarter, compared to the consensus estimate of $41.97 million.

OESX has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Orion Energy Systems from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 15th. B. Riley reissued a “buy” rating on shares of Orion Energy Systems in a research note on Wednesday, April 14th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $9.63.

Several large investors have recently added to or reduced their stakes in OESX. GWM Advisors LLC acquired a new position in shares of Orion Energy Systems in the fourth quarter worth approximately $100,000. HighTower Advisors LLC acquired a new position in shares of Orion Energy Systems in the fourth quarter worth approximately $139,000. The Manufacturers Life Insurance Company lifted its stake in Orion Energy Systems by 13.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 16,946 shares of the electronics maker’s stock valued at $167,000 after buying an additional 2,058 shares during the period. Rhumbline Advisers lifted its stake in Orion Energy Systems by 11.8% in the fourth quarter. Rhumbline Advisers now owns 21,110 shares of the electronics maker’s stock valued at $208,000 after buying an additional 2,220 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in Orion Energy Systems by 10.0% in the fourth quarter. Ritholtz Wealth Management now owns 21,221 shares of the electronics maker’s stock valued at $209,000 after buying an additional 1,922 shares during the period. Institutional investors own 55.29% of the company’s stock.

Shares of OESX traded down $0.04 during trading hours on Monday, hitting $6.22. The stock had a trading volume of 619 shares, compared to its average volume of 338,310. Orion Energy Systems has a 52 week low of $3.03 and a 52 week high of $11.98. The company’s fifty day moving average is $7.36 and its two-hundred day moving average is $8.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.15 and a quick ratio of 1.39. The stock has a market capitalization of $188.25 million, a price-to-earnings ratio of 156.54 and a beta of 2.62.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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Earnings History and Estimates for Orion Energy Systems (NASDAQ:OESX)

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