Wall Street analysts forecast that Orion Energy Systems, Inc. (NASDAQ:OESX) will announce earnings of ($0.05) per share for the current quarter, Zacks reports. Two analysts have made estimates for Orion Energy Systems’ earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.03). Orion Energy Systems also posted earnings of ($0.05) per share during the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Monday, June 3rd.
According to Zacks, analysts expect that Orion Energy Systems will report full year earnings of ($0.25) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.23). For the next financial year, analysts forecast that the company will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.04) to $0.02. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Orion Energy Systems.
Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Thursday, February 7th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $16.29 million for the quarter, compared to analyst estimates of $16.99 million. Orion Energy Systems had a negative return on equity of 35.15% and a negative net margin of 12.43%.
Several analysts have recently issued reports on the company. HC Wainwright reissued a “buy” rating and set a $1.75 target price on shares of Orion Energy Systems in a report on Friday, February 8th. Roth Capital raised Orion Energy Systems from a “neutral” rating to a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research raised Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a report on Saturday, February 9th. Finally, Craig Hallum raised Orion Energy Systems from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OESX. Penbrook Management LLC acquired a new stake in shares of Orion Energy Systems during the 4th quarter worth $381,000. North Star Investment Management Corp. lifted its position in shares of Orion Energy Systems by 15.5% during the 1st quarter. North Star Investment Management Corp. now owns 3,534,300 shares of the electronics maker’s stock worth $3,130,000 after buying an additional 474,552 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in shares of Orion Energy Systems by 10.1% during the 3rd quarter. Vanguard Group Inc now owns 651,580 shares of the electronics maker’s stock worth $626,000 after buying an additional 60,000 shares during the last quarter. 37.50% of the stock is currently owned by institutional investors.
OESX opened at $1.61 on Tuesday. The firm has a market cap of $47.62 million, a PE ratio of -4.24 and a beta of 1.93. Orion Energy Systems has a 52-week low of $0.53 and a 52-week high of $1.69. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.
Orion Energy Systems Company Profile
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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