Orion Group (NYSE:ORN – Get Free Report) 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
Check Out Our Latest Stock Report on ORN
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.
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