Orion Group (NYSE:ORN) Announces Quarterly Earnings Results, Misses Expectations By $0.19 EPS

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

Orion Group Trading Down 28.4 %

ORN traded down $3.13 on Thursday, hitting $7.91. 2,080,233 shares of the company were exchanged, compared to its average volume of 395,109. The firm has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $8.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.31 and a current ratio of 1.33. Orion Group has a 12 month low of $2.95 and a 12 month high of $12.12. The stock has a market capitalization of $259.92 million, a PE ratio of -23.60, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

ORN has been the subject of a number of recent analyst reports. Craig Hallum initiated coverage on Orion Group in a research note on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price objective for the company. B. Riley upped their price target on Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, StockNews.com cut Orion Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

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.