Equities research analysts expect that Orion Energy Systems, Inc. (NASDAQ:OESX) will announce earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Two 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 ($0.05). Orion Energy Systems posted earnings per share of ($0.17) during the same quarter last year, which indicates a positive year over year growth rate of 58.8%. The firm is expected to issue its next quarterly earnings report on Friday, August 3rd.

According to Zacks, analysts expect that Orion Energy Systems will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.25) to ($0.14). For the next fiscal year, analysts expect that the business will post earnings of $0.06 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Monday, June 4th. The electronics maker reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Orion Energy Systems had a negative return on equity of 41.20% and a negative net margin of 21.77%. The business had revenue of $15.06 million for the quarter, compared to analysts’ expectations of $16.08 million.

A number of research firms recently weighed in on OESX. Zacks Investment Research cut Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 22nd. HC Wainwright set a $2.00 price target on Orion Energy Systems and gave the company a “buy” rating in a research note on Wednesday, June 6th.

In other news, CFO William T. Hull acquired 39,278 shares of the firm’s stock in a transaction on Monday, June 11th. The shares were purchased at an average cost of $0.90 per share, with a total value of $35,350.20. Following the acquisition, the chief financial officer now directly owns 900,000 shares in the company, valued at approximately $810,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael W. Altschaefl acquired 30,000 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was purchased at an average cost of $0.90 per share, for a total transaction of $27,000.00. Following the completion of the acquisition, the chief executive officer now owns 556,076 shares in the company, valued at $500,468.40. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 135,600 shares of company stock worth $120,667. 9.20% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Orion Energy Systems stock. Renaissance Technologies LLC raised its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955,667 shares of the electronics maker’s stock after buying an additional 112,967 shares during the quarter. Renaissance Technologies LLC owned 3.30% of Orion Energy Systems worth $841,000 at the end of the most recent reporting period. 41.48% of the stock is currently owned by institutional investors and hedge funds.

OESX opened at $1.07 on Wednesday. Orion Energy Systems has a 1-year low of $0.70 and a 1-year high of $1.40. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $30.21 million, a P/E ratio of -2.82 and a beta of 1.06.

About Orion Energy Systems

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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