Equities research analysts forecast that Orion Group Holdings, Inc. (NYSE:ORN) will post sales of $158.01 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Orion Group’s earnings, with the lowest sales estimate coming in at $143.80 million and the highest estimate coming in at $177.50 million. Orion Group reported sales of $189.43 million in the same quarter last year, which indicates a negative year-over-year growth rate of 16.6%. The business is scheduled to issue its next earnings report on Wednesday, October 27th.
On average, analysts expect that Orion Group will report full year sales of $617.09 million for the current year, with estimates ranging from $581.70 million to $646.68 million. For the next financial year, analysts anticipate that the firm will post sales of $672.24 million, with estimates ranging from $573.55 million to $737.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Orion Group.
Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, July 28th. The construction company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $145.88 million for the quarter, compared to analysts’ expectations of $168.95 million. Orion Group had a net margin of 3.02% and a return on equity of 8.41%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in Orion Group in the first quarter valued at $4,477,000. Brandes Investment Partners LP grew its position in Orion Group by 194.3% in the 1st quarter. Brandes Investment Partners LP now owns 148,549 shares of the construction company’s stock valued at $887,000 after buying an additional 98,072 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Orion Group by 257.1% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 86,480 shares of the construction company’s stock valued at $497,000 after buying an additional 62,261 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Orion Group by 62.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,142 shares of the construction company’s stock valued at $365,000 after buying an additional 23,195 shares in the last quarter. Finally, Boston Partners grew its position in Orion Group by 55.0% in the 1st quarter. Boston Partners now owns 392,782 shares of the construction company’s stock valued at $2,384,000 after buying an additional 139,432 shares in the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ORN opened at $5.05 on Tuesday. The company has a 50-day moving average of $5.49 and a 200 day moving average of $5.72. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.06. Orion Group has a 12-month low of $2.57 and a 12-month high of $6.67. The stock has a market cap of $156.11 million, a PE ratio of 7.77, a P/E/G ratio of 1.00 and a beta of 0.97.
About Orion Group
Orion Group Holdings, Inc engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities, pipelines, bridges and causeways and environmental structures.
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