Brokerages Anticipate Orion Group Holdings, Inc. (NYSE:ORN) Will Announce Quarterly Sales of $139.57 Million

Wall Street brokerages forecast that Orion Group Holdings, Inc. (NYSE:ORN) will post $139.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Orion Group’s earnings, with estimates ranging from $131.13 million to $147.50 million. Orion Group posted sales of $170.18 million in the same quarter last year, which would indicate a negative year over year growth rate of 18%. The company is scheduled to report its next earnings results on Wednesday, February 23rd.

According to Zacks, analysts expect that Orion Group will report full year sales of $578.66 million for the current year, with estimates ranging from $570.22 million to $586.59 million. For the next year, analysts expect that the firm will report sales of $632.04 million, with estimates ranging from $575.37 million to $665.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Orion Group.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, October 27th. The construction company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.13). Orion Group had a negative net margin of 0.34% and a negative return on equity of 1.20%. The firm had revenue of $139.91 million for the quarter, compared to analyst estimates of $132.70 million. During the same period in the previous year, the company earned $0.23 EPS.

Several equities research analysts recently commented on ORN shares. Zacks Investment Research cut Orion Group from a “hold” rating to a “sell” rating in a report on Friday, July 30th. B. Riley cut Orion Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $7.50 to $5.50 in a report on Friday, July 30th. Finally, Noble Financial reiterated a “buy” rating and issued a $9.00 price objective on shares of Orion Group in a research report on Monday, September 20th.

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Orion Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,298,746 shares of the construction company’s stock valued at $13,218,000 after buying an additional 6,232 shares in the last quarter. Grace & White Inc. NY raised its stake in Orion Group by 0.4% in the third quarter. Grace & White Inc. NY now owns 1,203,227 shares of the construction company’s stock valued at $6,546,000 after buying an additional 5,292 shares in the last quarter. Walthausen & Co. LLC raised its stake in Orion Group by 6.8% in the second quarter. Walthausen & Co. LLC now owns 977,780 shares of the construction company’s stock valued at $5,622,000 after buying an additional 62,370 shares in the last quarter. Victory Capital Management Inc. raised its stake in Orion Group by 1.7% in the second quarter. Victory Capital Management Inc. now owns 750,372 shares of the construction company’s stock valued at $4,315,000 after buying an additional 12,889 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Orion Group by 6.7% in the third quarter. BlackRock Inc. now owns 642,161 shares of the construction company’s stock valued at $3,494,000 after buying an additional 40,216 shares in the last quarter. Hedge funds and other institutional investors own 57.27% of the company’s stock.

Shares of NYSE:ORN traded down $0.06 during midday trading on Thursday, hitting $4.35. The company had a trading volume of 106,282 shares, compared to its average volume of 186,549. Orion Group has a twelve month low of $3.86 and a twelve month high of $6.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market cap of $135.11 million, a price-to-earnings ratio of -62.13 and a beta of 0.91. The business’s 50-day simple moving average is $4.84 and its 200-day simple moving average is $5.37.

Orion Group Company Profile

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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