Orion Marine Group (ORN) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Orion Marine Group (ORN) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.00. The company posted revenue of $140.30 million in the period, compared to analysts expectations of $147.53 million. The company’s revenue was up 63.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Many Wall Street Analysts have commented on Orion Marine Group. Shares were Downgraded by Imperial Capital on May 12, 2016 to ” In-line” and Lowered the Price Target to $ 6 from a previous price target of $7 .

Orion Marine Group (ORN) witnessed a volatile trading activity on Tusday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.66 and reached the intraday high at $5.71. The bulls started the profit booking and pushed the shares to intraday low of $5.62. The trading session was marked by a volume range of 47,808 shares exchanging hands. The 52-week high of the shares is $7.62 and the 52-week low is $3.25. The market cap of the company stands at $155 M and there are 2,73,01,351 shares in public circulation.

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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