$132.70 Million in Sales Expected for Orion Group Holdings, Inc. (NYSE:ORN) This Quarter

Brokerages predict that Orion Group Holdings, Inc. (NYSE:ORN) will report sales of $132.70 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Orion Group’s earnings. The lowest sales estimate is $115.87 million and the highest is $150.00 million. Orion Group posted sales of $189.43 million in the same quarter last year, which suggests a negative year over year growth rate of 29.9%. The company is expected to issue its next quarterly earnings results on Wednesday, October 27th.

According to Zacks, analysts expect that Orion Group will report full year sales of $583.21 million for the current fiscal year, with estimates ranging from $538.92 million to $604.20 million. For the next financial year, analysts anticipate that the business will post sales of $645.98 million, with estimates ranging from $541.00 million to $695.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Orion Group.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, July 28th. The construction company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $145.88 million for the quarter, compared to analyst estimates of $168.95 million. Orion Group had a net margin of 3.02% and a return on equity of 8.41%.

A number of analysts have recently issued reports on ORN shares. B. Riley lowered shares of Orion Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.50 to $5.50 in a research note on Friday, July 30th. Zacks Investment Research lowered shares of Orion Group from a “hold” rating to a “sell” rating in a research note on Friday, July 30th. Finally, Noble Financial restated a “buy” rating and issued a $9.00 price target on shares of Orion Group in a research note on Monday, September 20th.

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Orion Group by 0.3% during 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 purchasing an additional 6,232 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Orion Group by 78.7% during the first quarter. Russell Investments Group Ltd. now owns 1,217,242 shares of the construction company’s stock valued at $7,385,000 after purchasing an additional 536,065 shares during the last quarter. Walthausen & Co. LLC boosted its holdings in shares of Orion Group by 6.8% during the second quarter. Walthausen & Co. LLC now owns 977,780 shares of the construction company’s stock valued at $5,622,000 after acquiring an additional 62,370 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Orion Group by 38.9% during the first quarter. Acadian Asset Management LLC now owns 838,738 shares of the construction company’s stock valued at $5,091,000 after acquiring an additional 234,835 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Orion Group by 1.7% during the second quarter. Victory Capital Management Inc. now owns 750,372 shares of the construction company’s stock valued at $4,315,000 after acquiring an additional 12,889 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Shares of ORN traded up $0.03 during mid-day trading on Monday, reaching $4.78. 164,396 shares of the stock traded hands, compared to its average volume of 194,805. The firm has a market cap of $147.76 million, a price-to-earnings ratio of 7.35, a P/E/G ratio of 1.00 and a beta of 0.97. The stock has a fifty day simple moving average of $5.32 and a 200 day simple moving average of $5.62. Orion Group has a 12-month low of $2.68 and a 12-month high of $6.67. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.06.

About Orion Group

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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