Orion Group (ORN) to Release Earnings on Wednesday

Orion Group (NYSE:ORN) is scheduled to release its earnings data after the market closes on Wednesday, July 24th. Analysts expect Orion Group to post earnings of $0.03 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $160.67 million during the quarter, compared to analysts’ expectations of $174.75 million. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. On average, analysts expect Orion Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Orion Group Stock Performance

Shares of ORN stock opened at $11.61 on Tuesday. The firm has a market cap of $381.46 million, a price-to-earnings ratio of -33.17, a PEG ratio of 2.33 and a beta of 0.84. Orion Group has a 52-week low of $2.90 and a 52-week high of $11.96. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $9.60 and its 200 day moving average is $7.96.

Insider Transactions at Orion Group

In related news, Director Austin J. Shanfelter sold 40,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $9.01, for a total transaction of $360,400.00. Following the transaction, the director now directly owns 437,734 shares of the company’s stock, valued at approximately $3,943,983.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Gordon Scott Thanisch purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average price of $7.12 per share, with a total value of $28,480.00. Following the completion of the acquisition, the chief financial officer now owns 167,811 shares in the company, valued at approximately $1,194,814.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Austin J. Shanfelter sold 40,000 shares of Orion Group stock in a transaction on Monday, May 20th. The stock was sold at an average price of $9.01, for a total transaction of $360,400.00. Following the sale, the director now owns 437,734 shares of the company’s stock, valued at $3,943,983.34. The disclosure for this sale can be found here. Insiders acquired 8,560 shares of company stock valued at $60,995 in the last quarter. 7.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on ORN. Craig Hallum began coverage on Orion Group in a research report on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price target for the company. StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, B. Riley raised their price target on shares of Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a report on Tuesday, June 4th.

About Orion Group

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.