Orion Group Holdings Inc (ORN) Expected to Post Quarterly Sales of $126.76 Million

Wall Street analysts predict that Orion Group Holdings Inc (NYSE:ORN) will report $126.76 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Orion Group’s earnings, with estimates ranging from $125.00 million to $128.52 million. Orion Group reported sales of $136.84 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7.4%. The company is expected to issue its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Orion Group will report full-year sales of $581.22 million for the current year, with estimates ranging from $572.44 million to $590.00 million. For the next financial year, analysts expect that the firm will report sales of $614.34 million, with estimates ranging from $603.67 million to $625.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Orion Group.

Orion Group (NYSE:ORN) last posted its earnings results on Tuesday, March 26th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.18). Orion Group had a negative return on equity of 5.74% and a negative net margin of 18.13%. The firm had revenue of $99.21 million for the quarter, compared to analyst estimates of $149.20 million.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Orion Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th. B. Riley decreased their target price on Orion Group from $7.00 to $4.00 and set a “neutral” rating on the stock in a research note on Friday, March 29th. Finally, TheStreet lowered Orion Group from a “c-” rating to a “d” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.69.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System increased its holdings in Orion Group by 6.4% during the 4th quarter. Arizona State Retirement System now owns 44,609 shares of the construction company’s stock worth $191,000 after purchasing an additional 2,699 shares during the period. New York State Teachers Retirement System increased its holdings in Orion Group by 28.8% during the 4th quarter. New York State Teachers Retirement System now owns 18,337 shares of the construction company’s stock worth $79,000 after purchasing an additional 4,100 shares during the period. Legal & General Group Plc increased its holdings in Orion Group by 7.6% during the 3rd quarter. Legal & General Group Plc now owns 60,679 shares of the construction company’s stock worth $455,000 after purchasing an additional 4,292 shares during the period. Taylor Cottrill Erickson & Associates Inc. increased its holdings in Orion Group by 38.2% during the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,100 shares of the construction company’s stock worth $78,000 after purchasing an additional 5,000 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Orion Group by 14.5% during the 4th quarter. Prudential Financial Inc. now owns 53,986 shares of the construction company’s stock worth $232,000 after purchasing an additional 6,838 shares during the period. Institutional investors own 94.32% of the company’s stock.

ORN opened at $2.71 on Thursday. Orion Group has a 12-month low of $2.56 and a 12-month high of $9.83. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 0.54. The stock has a market cap of $75.33 million, a P/E ratio of -7.32 and a beta of 1.09.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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