Wall Street brokerages expect Orion Energy Systems, Inc. (NASDAQ:OESX) to announce $15.44 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Orion Energy Systems’ earnings. The lowest sales estimate is $13.87 million and the highest is $17.00 million. Orion Energy Systems posted sales of $15.42 million in the same quarter last year, which suggests a positive year over year growth rate of 0.1%. The company is scheduled to report its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Orion Energy Systems will report full-year sales of $65.77 million for the current fiscal year, with estimates ranging from $65.30 million to $66.23 million. For the next year, analysts forecast that the firm will report sales of $79.71 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Tuesday, August 7th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). Orion Energy Systems had a negative return on equity of 35.90% and a negative net margin of 15.03%. The firm had revenue of $13.82 million for the quarter, compared to the consensus estimate of $14.80 million.

Several brokerages have issued reports on OESX. Zacks Investment Research lowered Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. HC Wainwright set a $2.00 price target on Orion Energy Systems and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, Roth Capital set a $1.00 price target on Orion Energy Systems and gave the stock a “hold” rating in a research note on Tuesday, August 7th.

An institutional investor recently raised its position in Orion Energy Systems stock. Renaissance Technologies LLC increased its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,071,400 shares of the electronics maker’s stock after acquiring an additional 67,200 shares during the period. Renaissance Technologies LLC owned about 3.64% of Orion Energy Systems worth $1,179,000 as of its most recent SEC filing. 40.75% of the stock is currently owned by hedge funds and other institutional investors.

OESX stock traded down $0.03 during mid-day trading on Friday, hitting $0.92. 100,441 shares of the stock were exchanged, compared to its average volume of 94,602. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.11. Orion Energy Systems has a 12 month low of $0.70 and a 12 month high of $1.25. The firm has a market cap of $28.07 million, a P/E ratio of -2.43 and a beta of 0.69.

Orion Energy Systems Company Profile

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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