Q1 2024 EPS Estimates for Orion Group Holdings, Inc. (NYSE:ORN) Lowered by Sidoti Csr

Orion Group Holdings, Inc. (NYSE:ORN) – Sidoti Csr cut their Q1 2024 EPS estimates for Orion Group in a research report issued on Tuesday, March 26th. Sidoti Csr analyst J. Romero now anticipates that the construction company will post earnings of ($0.18) per share for the quarter, down from their prior estimate of ($0.11). The consensus estimate for Orion Group’s current full-year earnings is $0.16 per share. Sidoti Csr also issued estimates for Orion Group’s Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.28 EPS and FY2024 earnings at $0.26 EPS.

ORN has been the topic of a number of other research reports. StockNews.com downgraded Orion Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th. B. Riley reissued a “buy” rating and set a $9.50 price target (up previously from $6.25) on shares of Orion Group in a research report on Thursday, March 14th.

Orion Group Stock Performance

Shares of ORN opened at $8.20 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 1.26. Orion Group has a twelve month low of $2.33 and a twelve month high of $9.84. The firm’s 50 day moving average price is $6.88 and its two-hundred day moving average price is $5.61. The firm has a market cap of $266.91 million, a P/E ratio of -14.91, a PEG ratio of 2.13 and a beta of 0.65.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.08 earnings per share for the quarter, beating 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.

Insider Transactions at Orion Group

In related news, EVP Edward Chipman Earle purchased 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $6.88 per share, for a total transaction of $55,040.00. Following the completion of the purchase, the executive vice president now owns 69,602 shares in the company, valued at approximately $478,861.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Travis J. Boone acquired 12,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 402,557 shares in the company, valued at $2,821,924.57. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward Chipman Earle acquired 8,000 shares of the stock in a transaction on Monday, March 4th. The shares were purchased 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 disclosure for this purchase can be found here. Insiders bought a total of 22,430 shares of company stock worth $156,340 over the last quarter. Company insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Legato Capital Management LLC increased its holdings in shares of Orion Group by 521.6% during the fourth quarter. Legato Capital Management LLC now owns 96,417 shares of the construction company’s stock worth $476,000 after buying an additional 80,907 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of Orion Group by 3.7% during the third quarter. Brandes Investment Partners LP now owns 3,530,178 shares of the construction company’s stock worth $18,922,000 after buying an additional 125,778 shares in the last quarter. EAM Investors LLC acquired a new position in shares of Orion Group during the third quarter worth $2,305,000. Barclays PLC acquired a new position in shares of Orion Group during the third quarter worth $166,000. Finally, Gendell Jeffrey L increased its holdings in Orion Group by 125.7% in the third quarter. Gendell Jeffrey L now owns 654,811 shares of the construction company’s stock valued at $3,510,000 after purchasing an additional 364,680 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.