Ormat Technologies (ORA) Projected to Post Quarterly Earnings on Wednesday

Ormat Technologies (NYSE:ORA - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $225.26 million for the quarter. Ormat Technologies has set its FY 2025 guidance at EPS.

Ormat Technologies (NYSE:ORA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.10. Ormat Technologies had a return on equity of 5.35% and a net margin of 14.18%. The firm had revenue of $229.76 million for the quarter, compared to analyst estimates of $228.33 million. During the same period in the previous year, the company posted $0.64 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. On average, analysts expect Ormat Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ormat Technologies Price Performance

ORA traded down $0.70 on Friday, hitting $88.71. 442,444 shares of the company's stock were exchanged, compared to its average volume of 506,465. Ormat Technologies has a fifty-two week low of $61.58 and a fifty-two week high of $91.81. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $83.19 and a 200-day moving average price of $74.09. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 43.06, a P/E/G ratio of 4.31 and a beta of 0.64.

Ormat Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 21st. Ormat Technologies's dividend payout ratio is 23.30%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORA. Wall Street Zen upgraded shares of Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. Baird R W upgraded Ormat Technologies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Barclays lifted their price objective on Ormat Technologies from $86.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on Ormat Technologies from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird raised Ormat Technologies from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $87.00 to $103.00 in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.25.

Insider Buying and Selling at Ormat Technologies

In related news, Director Byron G. Wong sold 460 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $84.04, for a total value of $38,658.40. Following the sale, the director owned 8,659 shares of the company's stock, valued at $727,702.36. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dafna Sharir sold 1,601 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $85.63, for a total transaction of $137,093.63. Following the completion of the sale, the director directly owned 3,238 shares in the company, valued at approximately $277,269.94. This represents a 33.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,329 shares of company stock valued at $423,443. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Ormat Technologies

A number of institutional investors have recently bought and sold shares of the business. United Services Automobile Association purchased a new position in Ormat Technologies during the first quarter worth about $243,000. Empowered Funds LLC boosted its position in shares of Ormat Technologies by 7.3% in the 1st quarter. Empowered Funds LLC now owns 4,201 shares of the energy company's stock worth $297,000 after buying an additional 286 shares in the last quarter. Intech Investment Management LLC increased its holdings in Ormat Technologies by 10.5% during the 1st quarter. Intech Investment Management LLC now owns 24,592 shares of the energy company's stock valued at $1,740,000 after acquiring an additional 2,329 shares in the last quarter. AQR Capital Management LLC raised its position in Ormat Technologies by 324.1% during the first quarter. AQR Capital Management LLC now owns 24,918 shares of the energy company's stock worth $1,740,000 after acquiring an additional 19,043 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Ormat Technologies by 22.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 234,467 shares of the energy company's stock valued at $16,593,000 after purchasing an additional 43,483 shares in the last quarter. 95.49% of the stock is owned by hedge funds and other institutional investors.

About Ormat Technologies

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.