Orion Group (NYSE:ORN) Issues Earnings Results

Orion Group (NYSE:ORN) issued its earnings results on Wednesday. The construction company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19), Zacks reports. The business had revenue of $192.17 million for the quarter, compared to the consensus estimate of $194.83 million. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. During the same quarter in the prior year, the business earned ($0.14) EPS.

Orion Group Price Performance

Shares of Orion Group stock traded down $3.13 on Thursday, reaching $7.91. The stock had a trading volume of 2,080,233 shares, compared to its average volume of 395,109. The business’s 50 day moving average is $9.66 and its two-hundred day moving average is $8.03. The company has a market cap of $259.92 million, a P/E ratio of -22.60, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.36. Orion Group has a 1 year low of $2.95 and a 1 year high of $12.12.

Insider Activity at Orion Group

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of Orion Group in a report on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price target on the stock. StockNews.com downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, B. Riley increased their price target on shares of Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a report on Tuesday, June 4th.

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.