Equities research analysts expect that Ormat Technologies, Inc. (NYSE:ORA) will post $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ormat Technologies’ earnings, with estimates ranging from $0.23 to $0.38. Ormat Technologies posted earnings per share of $0.32 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, August 7th.

On average, analysts expect that Ormat Technologies will report full year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.81. For the next year, analysts expect that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $1.93 to $2.32. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Ormat Technologies.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings results on Monday, May 6th. The energy company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Ormat Technologies had a net margin of 7.41% and a return on equity of 5.86%. The firm had revenue of $199.04 million during the quarter, compared to analyst estimates of $183.62 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis.

Shares of ORA stock traded up $0.19 during trading hours on Thursday, reaching $63.29. The company had a trading volume of 171,679 shares, compared to its average volume of 151,401. The business has a fifty day moving average of $62.35. Ormat Technologies has a one year low of $45.79 and a one year high of $64.35. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 3.40 and a beta of 1.15. The company has a current ratio of 1.57, a quick ratio of 1.41 and a debt-to-equity ratio of 0.78.

In related news, VP Nir Wolf sold 1,999 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $63.00, for a total value of $125,937.00. Following the transaction, the vice president now owns 2,166 shares of the company’s stock, valued at $136,458. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Granot sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $61.69, for a total transaction of $462,675.00. Following the completion of the transaction, the director now directly owns 7,500 shares in the company, valued at approximately $462,675. The disclosure for this sale can be found here. Insiders sold 15,098 shares of company stock valued at $935,590 over the last quarter. Company insiders own 0.81% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Ormat Technologies by 6.4% during the fourth quarter. BlackRock Inc. now owns 3,259,798 shares of the energy company’s stock valued at $170,488,000 after purchasing an additional 196,168 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ormat Technologies by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,534,566 shares of the energy company’s stock worth $80,258,000 after purchasing an additional 13,767 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Ormat Technologies by 27.2% in the first quarter. Global Alpha Capital Management Ltd. now owns 1,182,112 shares of the energy company’s stock worth $64,805,000 after purchasing an additional 252,626 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Ormat Technologies by 1.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,076,959 shares of the energy company’s stock worth $59,394,000 after purchasing an additional 15,857 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ormat Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 503,600 shares of the energy company’s stock worth $26,338,000 after purchasing an additional 17,006 shares during the last quarter. 75.09% of the stock is currently owned by institutional investors.

Ormat Technologies Company Profile

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity.

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