Orion Marine Group (ORN) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Orion Marine Group (ORN) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.01. The company posted revenue of $129.60 million in the period, compared to analysts expectations of $148.56 million. The company’s revenue was up 59.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Orion Marine Group. Canaccord Genuity Initiated Orion Marine Group on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $7.Company shares were Reiterated by FBR Capital on Mar 11, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .

Orion Marine Group closed down -0.25 points or -4.55% at $5.25 with 1,33,420 shares getting traded on Wednesday. Post opening the session at $5.48, the shares hit an intraday low of $5.22 and an intraday high of $5.515 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 17, 2015, Gene G Stoever (director) sold 3,000 shares at $3.89 per share price. According to the SEC, on Dec 16, 2015, Mark R. Stauffer (CEO) purchased 1,750 shares at $3.75 per share price.

Orion Marine Group Inc. is engaged in the heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies state and municipal governments and private commercial and industrial customers. Its heavy civil marine construction and project management services include new construction dredging repair and maintenance and other related specialty services. It provides its heavy civil marine construction services on over and under the water in the continental United States Alaska Canada and the Caribbean Basin. It provides heavy civil marine construction services through projects that are obtained primarily through a competitive bid or contract process. Its customers include the United States Army Corps of Engineers the United States Navy the United States Coast Guard state transportation departments local port authorities and private customers.

Orion Marine Group

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