Orion Group (ORN) to Release Quarterly Earnings on Wednesday

Orion Group (NYSE:ORN) will 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 that wish to listen to the company’s conference call can do so using this link.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Orion Group had a negative net margin of 2.51% and a negative return on equity of 9.14%. The firm had revenue of $201.59 million for the quarter, compared to analyst estimates of $191.31 million. 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 Stock Up 0.4 %

Shares of NYSE:ORN opened at $7.90 on Monday. The firm has a market cap of $256.28 million, a P/E ratio of -14.36, a P/E/G ratio of 1.66 and a beta of 0.70. Orion Group has a 12 month low of $2.33 and a 12 month high of $9.84. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $7.74 and its two-hundred day moving average price is $5.99.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORN. B. Riley reiterated a “buy” rating and set a $9.50 target price (up previously from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com lowered Orion Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 9th.

Insider Buying and Selling at Orion Group

In other news, EVP Edward Chipman Earle purchased 8,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price 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 of the company’s stock, valued at $478,861.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Edward Chipman Earle purchased 8,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price 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 of the company’s stock, valued at $478,861.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Travis J. Boone purchased 12,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased 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 directly owns 402,557 shares in the company, valued at $2,821,924.57. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 22,430 shares of company stock valued at $156,340. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Several institutional investors have recently added to or reduced their stakes in ORN. Rockefeller Capital Management L.P. bought a new stake in Orion Group in the 4th quarter valued at $28,000. UBS Group AG lifted its position in Orion Group by 194.6% in the 3rd quarter. UBS Group AG now owns 6,508 shares of the construction company’s stock valued at $35,000 after acquiring an additional 4,299 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Orion Group in the 3rd quarter valued at $36,000. Jane Street Group LLC bought a new stake in Orion Group in the 1st quarter valued at $41,000. Finally, Tower Research Capital LLC TRC lifted its position in Orion Group by 84.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company’s stock valued at $42,000 after acquiring an additional 7,397 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

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.