Orion Group (NYSE:ORN) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Orion Group (NYSE:ORN) announced its quarterly earnings results on Tuesday. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01, Zacks reports. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%.

Orion Group Stock Up 0.2 %

NYSE:ORN traded up $0.01 on Tuesday, hitting $6.50. The stock had a trading volume of 757,513 shares, compared to its average volume of 412,853. The firm’s fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $7.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group has a 1 year low of $5.23 and a 1 year high of $12.12. The stock has a market cap of $252.86 million, a P/E ratio of -16.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Separately, DA Davidson began coverage on shares of Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 price objective for the company.

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.