Orion Energy Systems (OESX) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Orion Energy Systems (NASDAQ:OESX) released its quarterly earnings data on Wednesday. The electronics maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01, Bloomberg Earnings reports. The business had revenue of $17.26 million during the quarter, compared to analyst estimates of $18.55 million. Orion Energy Systems had a negative return on equity of 48.48% and a negative net margin of 29.13%.
Orion Energy Systems (NASDAQ OESX) traded down $0.03 on Thursday, hitting $0.75. The stock had a trading volume of 84,957 shares, compared to its average volume of 131,283. The company has a market cap of $22.84, a price-to-earnings ratio of -1.17 and a beta of 1.12. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Orion Energy Systems has a 1-year low of $0.73 and a 1-year high of $2.11.
Several equities research analysts have recently weighed in on the company. HC Wainwright reissued a “buy” rating on shares of Orion Energy Systems in a research note on Friday, November 3rd. Zacks Investment Research raised Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.33.
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Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.
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