Brokerages expect Orion Energy Systems, Inc. (NASDAQ:OESX) to announce earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Orion Energy Systems’ earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.04). Orion Energy Systems posted earnings of ($0.11) per share in the same quarter last year, which suggests a positive year over year growth rate of 54.5%. The business is expected to issue its next quarterly earnings report on Thursday, June 1st.
According to Zacks, analysts expect that Orion Energy Systems will report full-year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.23). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.13) to ($0.07). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Orion Energy Systems.
Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, February 8th. The electronics maker reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). Orion Energy Systems had a negative return on equity of 18.45% and a negative net margin of 21.59%. The firm had revenue of $20.60 million for the quarter, compared to the consensus estimate of $21.26 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Roth Capital set a $2.00 target price on Orion Energy Systems and gave the stock a “hold” rating in a report on Wednesday, February 8th.
In other Orion Energy Systems news, Director John H. Scribante bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were acquired at an average cost of $1.76 per share, with a total value of $35,200.00. Following the acquisition, the director now owns 630,981 shares of the company’s stock, valued at $1,110,526.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William T. Hull bought 44,851 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were acquired at an average cost of $1.80 per share, for a total transaction of $80,731.80. Following the completion of the acquisition, the chief financial officer now directly owns 550,000 shares in the company, valued at approximately $990,000. The disclosure for this purchase can be found here. Insiders have purchased a total of 66,851 shares of company stock worth $119,752 over the last three months. 10.50% of the stock is owned by insiders.
An institutional investor recently raised its position in Orion Energy Systems stock. Renaissance Technologies LLC raised its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 753,500 shares of the electronics maker’s stock after buying an additional 107,800 shares during the period. Renaissance Technologies LLC owned about 2.66% of Orion Energy Systems worth $1,635,000 as of its most recent filing with the SEC. Institutional investors own 44.69% of the company’s stock.
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Orion Energy Systems (NASDAQ:OESX) traded down 1.14% during trading on Friday, reaching $1.74. The company had a trading volume of 561,621 shares. The company has a 50 day moving average price of $1.92 and a 200 day moving average price of $1.87. The company’s market capitalization is $49.25 million. Orion Energy Systems has a 52-week low of $1.04 and a 52-week high of $2.57.
Orion Energy Systems Company Profile
Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.
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