FY2024 Earnings Forecast for Orion Group Holdings, Inc. (NYSE:ORN) Issued By Sidoti Csr

Orion Group Holdings, Inc. (NYSE:ORN - Free Report) - Equities researchers at Sidoti Csr upped their FY2024 earnings per share estimates for shares of Orion Group in a research note issued to investors on Friday, April 26th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings of $0.31 per share for the year, up from their previous estimate of $0.26. The consensus estimate for Orion Group's current full-year earnings is $0.20 per share. Sidoti Csr also issued estimates for Orion Group's Q2 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $0.53 EPS.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.06. The business had revenue of $160.67 million for the quarter, compared to analyst estimates of $174.75 million. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%.

A number of other analysts also recently issued reports on the company. StockNews.com downgraded Orion Group from a "buy" rating to a "hold" rating in a research report on Friday. B. Riley reaffirmed a "buy" rating and set a $9.50 price target (up previously from $6.25) on shares of Orion Group in a research report on Thursday, March 14th.

Orion Group Stock Down 6.7 %

NYSE:ORN traded down $0.50 on Monday, hitting $6.92. 607,318 shares of the company's stock were exchanged, compared to its average volume of 284,178. The firm has a 50-day moving average price of $7.90 and a 200-day moving average price of $6.08. Orion Group has a 52 week low of $2.38 and a 52 week high of $9.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 1.32. The company has a market cap of $224.48 million, a P/E ratio of -19.77, a price-to-earnings-growth ratio of 1.47 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Belvedere Trading LLC acquired a new stake in Orion Group during the 3rd quarter worth approximately $112,000. Acuitas Investments LLC acquired a new stake in shares of Orion Group during the third quarter worth $1,864,000. Assenagon Asset Management S.A. bought a new stake in shares of Orion Group in the third quarter valued at about $125,000. AMH Equity Ltd grew its stake in shares of Orion Group by 518.8% in the third quarter. AMH Equity Ltd now owns 1,856,399 shares of the construction company's stock valued at $9,950,000 after acquiring an additional 1,556,399 shares in the last quarter. Finally, Barclays PLC bought a new position in Orion Group during the third quarter worth about $166,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Insider Activity

In other news, CEO Travis J. Boone bought 12,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $7.01 per share, with a total value of $84,120.00. Following the acquisition, the chief executive officer now owns 402,557 shares in the company, valued at $2,821,924.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Orion Group news, CEO Travis J. Boone bought 12,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $7.01 per share, with a total value of $84,120.00. Following the acquisition, the chief executive officer now owns 402,557 shares of the company's stock, valued at $2,821,924.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward Chipman Earle purchased 8,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $6.88 per share, with a total value of $55,040.00. Following the acquisition, the executive vice president now directly owns 69,602 shares in the company, valued at $478,861.76. The disclosure for this purchase can be found here. Insiders bought a total of 22,430 shares of company stock valued at $156,340 in the last quarter. Company insiders own 7.30% of the company's stock.

Orion Group Company Profile

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.