FY2029 EPS Estimate for Orion Energy Systems Cut by Analyst

Orion Energy Systems, Inc. (NASDAQ:OESX) – Investment analysts at HC Wainwright dropped their FY2029 earnings per share (EPS) estimates for Orion Energy Systems in a research report issued to clients and investors on Thursday, November 6th. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will post earnings per share of $0.69 for the year, down from their prior estimate of $0.79. HC Wainwright has a “Buy” rating and a $20.00 price target on the stock. The consensus estimate for Orion Energy Systems’ current full-year earnings is ($0.32) per share.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Energy Systems in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.50.

Orion Energy Systems Trading Down 5.2%

NASDAQ OESX traded down $0.52 during mid-day trading on Friday, hitting $9.38. The company’s stock had a trading volume of 10,725 shares, compared to its average volume of 14,750. The firm has a market capitalization of $31.23 million, a P/E ratio of -3.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.23 and a quick ratio of 0.84. Orion Energy Systems has a 52-week low of $5.50 and a 52-week high of $10.27. The stock’s fifty day simple moving average is $8.74 and its two-hundred day simple moving average is $7.26.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, November 5th. The electronics maker reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.55. Orion Energy Systems had a negative return on equity of 62.99% and a negative net margin of 11.70%.The company had revenue of $19.92 million for the quarter, compared to the consensus estimate of $20.30 million. Orion Energy Systems has set its FY 2026 guidance at EPS.

Hedge Funds Weigh In On Orion Energy Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Orion Energy Systems by 5.1% during the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after acquiring an additional 39,042 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Orion Energy Systems during the 1st quarter valued at approximately $66,000. Finally, Grace & White Inc. NY increased its holdings in Orion Energy Systems by 3.6% during the 2nd quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock worth $1,731,000 after purchasing an additional 99,499 shares during the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

About Orion Energy Systems

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).