Orion Group Holdings Inc Expected to Earn FY2018 Earnings of ($0.21) Per Share (ORN)

Orion Group Holdings Inc (NYSE:ORN) – B. Riley upped their FY2018 earnings per share (EPS) estimates for shares of Orion Group in a report released on Wednesday, November 7th. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of ($0.21) for the year, up from their previous forecast of ($0.24). B. Riley has a “Neutral” rating and a $7.00 price objective on the stock.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Thursday, November 1st. The construction company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. Orion Group had a return on equity of 0.38% and a net margin of 1.63%. The firm had revenue of $125.07 million for the quarter, compared to analysts’ expectations of $140.40 million.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Orion Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Canaccord Genuity decreased their price objective on Orion Group from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, October 19th. ValuEngine cut Orion Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Noble Financial set a $10.00 price objective on Orion Group and gave the company a “buy” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.63.

ORN opened at $4.43 on Friday. Orion Group has a one year low of $4.32 and a one year high of $9.83. The company has a market capitalization of $130.93 million, a P/E ratio of -31.64 and a beta of 1.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.55 and a current ratio of 1.59.

In other news, Director Austin J. Shanfelter sold 4,606 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $8.08, for a total transaction of $37,216.48. Following the sale, the director now owns 33,292 shares of the company’s stock, valued at $268,999.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Orion Group by 6.9% during the third quarter. BlackRock Inc. now owns 4,296,844 shares of the construction company’s stock worth $32,442,000 after acquiring an additional 278,938 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Orion Group by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,350,504 shares of the construction company’s stock worth $19,415,000 after acquiring an additional 126,243 shares during the period. Foundry Partners LLC increased its position in shares of Orion Group by 3.0% during the second quarter. Foundry Partners LLC now owns 873,124 shares of the construction company’s stock worth $7,212,000 after acquiring an additional 25,500 shares during the period. Renaissance Technologies LLC increased its position in shares of Orion Group by 1.3% during the second quarter. Renaissance Technologies LLC now owns 525,215 shares of the construction company’s stock worth $4,338,000 after acquiring an additional 6,815 shares during the period. Finally, Northpointe Capital LLC purchased a new stake in shares of Orion Group during the third quarter worth $2,899,000. 88.56% of the stock is currently owned by institutional investors and hedge funds.

About Orion Group

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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