Orion Group (NYSE:ORN) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Orion Group (NYSE:ORN) announced its quarterly earnings data on Wednesday. The construction company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19), Zacks reports. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. The business had revenue of $192.17 million during the quarter, compared to analyst estimates of $194.83 million. During the same quarter in the prior year, the company earned ($0.14) earnings per share.

Orion Group Price Performance

ORN traded down $2.78 on Thursday, reaching $8.26. The company had a trading volume of 1,443,191 shares, compared to its average volume of 390,127. Orion Group has a 52-week low of $2.95 and a 52-week high of $12.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.31 and a current ratio of 1.33. The business has a 50 day simple moving average of $9.69 and a 200 day simple moving average of $8.03. The company has a market cap of $271.42 million, a price-to-earnings ratio of -23.46, a P/E/G ratio of 2.43 and a beta of 0.84.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORN. Craig Hallum initiated coverage on shares of Orion Group in a research note on Tuesday, May 14th. They set a “buy” rating and a $14.00 target price for the company. StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, B. Riley boosted their price target on shares of Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a research report on Tuesday, June 4th.

Insider Transactions at Orion Group

In related news, CFO Gordon Scott Thanisch bought 4,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were acquired at an average price of $7.12 per share, for a total transaction of $28,480.00. Following the purchase, the chief financial officer now owns 167,811 shares of the company’s stock, valued at $1,194,814.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Gordon Scott Thanisch bought 4,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average price of $7.12 per share, for a total transaction of $28,480.00. Following the completion of the purchase, the chief financial officer now directly owns 167,811 shares of the company’s stock, valued at $1,194,814.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Austin J. Shanfelter sold 40,000 shares of Orion Group stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $9.01, for a total value of $360,400.00. Following the sale, the director now directly owns 437,734 shares of the company’s stock, valued at approximately $3,943,983.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 8,560 shares of company stock worth $60,995. Insiders own 7.30% of the company’s stock.

About Orion Group

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