Orion Group (NYSE:ORN) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Orion Group reported quarterly EPS of $0.08, missing the consensus estimate by $0.01. The company posted a 0.40% net margin and 3.07% return on equity.
• Shares rose 4.4% to $9.16 following the results, although the stock remains well below its 52-week high of $17.40.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $14.75; insiders have purchased 28,000 shares worth about $270,820 over the past 90 days.

Orion Group (NYSE:ORN - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01), Zacks reports. Orion Group had a net margin of 0.40% and a return on equity of 3.07%.

Orion Group Trading Up 4.4%

Shares of ORN traded up $0.38 on Tuesday, hitting $9.16. 926,735 shares of the stock traded hands, compared to its average volume of 440,232. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $371.01 million, a P/E ratio of 101.82 and a beta of 1.43. The stock's 50 day moving average is $9.05 and its two-hundred day moving average is $11.83. Orion Group has a 1 year low of $8.15 and a 1 year high of $17.40.

Analyst Upgrades and Downgrades

ORN has been the topic of several research reports. Roth Capital set a $15.00 target price on Orion Group in a report on Thursday, July 30th. Zacks Research downgraded shares of Orion Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Wall Street Zen cut shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 1st. Oppenheimer reduced their price target on shares of Orion Group from $20.00 to $15.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Orion Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.75.

Insider Buying and Selling

In other Orion Group news, EVP Edward Earle purchased 5,000 shares of Orion Group stock in a transaction on Friday, July 31st. The shares were bought at an average price of $9.81 per share, with a total value of $49,050.00. Following the purchase, the executive vice president directly owned 150,042 shares in the company, valued at $1,471,912.02. This trade represents a 3.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Ledford acquired 20,000 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the acquisition, the director directly owned 43,112 shares of the company's stock, valued at approximately $414,737.44. The trade was a 86.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 28,000 shares of company stock worth $270,820. 5.70% of the stock is owned by insiders.

Orion Group Company Profile

Orion Group Holdings, Inc NYSE: ORN is a construction company that provides infrastructure services for public- and private-sector customers in the United States. The company operates through its Marine and Concrete segments, serving markets that require specialized construction capabilities and project management.

Orion's marine construction business focuses on projects involving ports, waterways and other marine infrastructure. Its services include the construction and repair of piers, docks, bridges, breakwaters and other marine structures, as well as dredging, marine transportation and related site work.

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