Analysts Expect Orion Energy Systems (OESX) Will Announce Earnings of -$0.05 Per Share

Wall Street analysts expect Orion Energy Systems (NASDAQ:OESX) to post ($0.05) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Orion Energy Systems’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.00. Orion Energy Systems reported earnings per share of ($0.26) during the same quarter last year, which suggests a positive year over year growth rate of 80.8%. The firm is scheduled to report its next earnings report on Thursday, June 14th.

According to Zacks, analysts expect that Orion Energy Systems will report full-year earnings of ($0.41) per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.25) to ($0.10). Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Orion Energy Systems.

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Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 31.32% and a negative return on equity of 57.15%. The business had revenue of $17.26 million during the quarter, compared to the consensus estimate of $18.55 million.

A number of research firms have recently weighed in on OESX. Zacks Investment Research downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. HC Wainwright set a $2.00 price target on shares of Orion Energy Systems and gave the stock a “buy” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $1.33.

Shares of OESX stock remained flat at $$0.80 during mid-day trading on Thursday. 12,350 shares of the stock were exchanged, compared to its average volume of 98,219. Orion Energy Systems has a twelve month low of $0.70 and a twelve month high of $1.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.78 and a quick ratio of 1.27. The firm has a market capitalization of $22.27, a P/E ratio of -1.82 and a beta of 1.00.

In related news, COO Scott A. Green purchased 50,000 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average price of $0.90 per share, with a total value of $45,000.00. Following the completion of the transaction, the chief operating officer now owns 375,157 shares of the company’s stock, valued at $337,641.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 141,681 shares of company stock valued at $124,052 in the last three months. Corporate insiders own 9.20% of the company’s stock.

An institutional investor recently raised its position in Orion Energy Systems stock. Renaissance Technologies LLC boosted its holdings in Orion Energy Systems (NASDAQ:OESX) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 955,667 shares of the electronics maker’s stock after purchasing an additional 112,967 shares during the quarter. Renaissance Technologies LLC owned approximately 3.30% of Orion Energy Systems worth $841,000 at the end of the most recent quarter. 43.62% of the stock is owned by institutional investors and hedge funds.

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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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