Orion Group (NYSE:ORN - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Orion Group (NYSE:ORN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. The firm had revenue of $201.59 million during the quarter, compared to the consensus estimate of $191.31 million. Orion Group had a negative return on equity of 9.14% and a negative net margin of 2.51%. On average, analysts expect Orion Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Orion Group Trading Up 0.4 %
Shares of Orion Group stock traded up $0.03 during trading hours on Wednesday, reaching $7.99. The stock had a trading volume of 201,341 shares, compared to its average volume of 269,174. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. Orion Group has a 1 year low of $2.33 and a 1 year high of $9.84. The firm has a market capitalization of $259.20 million, a price-to-earnings ratio of -14.53, a P/E/G ratio of 1.66 and a beta of 0.70. The firm has a 50 day simple moving average of $7.67 and a two-hundred day simple moving average of $5.95.
Analyst Ratings Changes
ORN has been the topic of a number of research reports. StockNews.com downgraded shares of Orion Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 9th. B. Riley restated a "buy" rating and set a $9.50 price objective (up previously from $6.25) on shares of Orion Group in a research note on Thursday, March 14th.
Read Our Latest Stock Analysis on ORN
Insider Activity
In other news, CEO Travis J. Boone bought 12,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the purchase, 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 filing with the SEC, which is available through the SEC website. In related news, EVP Edward Chipman Earle purchased 8,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $6.88 per share, with a total value of $55,040.00. Following the completion of the transaction, the executive vice president now owns 69,602 shares of the company's stock, valued at $478,861.76. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Travis J. Boone purchased 12,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $7.01 per share, with a total value of $84,120.00. Following the purchase, the chief executive officer now owns 402,557 shares of the company's stock, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. Insiders have bought 22,430 shares of company stock worth $156,340 over the last 90 days. Company insiders own 7.30% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. acquired a new stake in shares of Orion Group during the fourth quarter worth $28,000. UBS Group AG lifted its holdings in Orion Group by 194.6% in the third quarter. UBS Group AG now owns 6,508 shares of the construction company's stock worth $35,000 after acquiring an additional 4,299 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Orion Group in the third quarter valued at approximately $36,000. Jane Street Group LLC bought a new position in shares of Orion Group during the first quarter valued at approximately $41,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Orion Group by 84.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company's stock worth $42,000 after purchasing an additional 7,397 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.
About Orion Group
(
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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.
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