Orion Group (NYSE:ORN) Issues Quarterly Earnings Results

Orion Group (NYSE:ORN) released its quarterly earnings data on Tuesday. The construction company reported $0.16 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 Trading Up 0.2 %

Shares of NYSE ORN traded up $0.01 during trading hours on Tuesday, hitting $6.50. The company’s stock had a trading volume of 757,513 shares, compared to its average volume of 412,853. The business has a 50-day simple moving average of $7.65 and a 200-day simple moving average of $7.25. The stock has a market cap of $252.86 million, a price-to-earnings ratio of -16.25, a P/E/G ratio of 1.10 and a beta of 0.93. 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 12 month low of $5.23 and a 12 month high of $12.12.

Wall Street Analysts Forecast Growth

Separately, DA Davidson started coverage on Orion Group in a research report on Friday, January 17th. They issued 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.