Wall Street analysts expect Ormat Technologies, Inc. (NYSE:ORA) to announce sales of $183.34 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ormat Technologies’ earnings, with the lowest sales estimate coming in at $182.80 million and the highest estimate coming in at $183.91 million. Ormat Technologies reported sales of $190.47 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.7%. The company is expected to report its next quarterly earnings results on Tuesday, February 25th.

On average, analysts expect that Ormat Technologies will report full-year sales of $736.94 million for the current financial year, with estimates ranging from $736.40 million to $737.52 million. For the next fiscal year, analysts anticipate that the company will report sales of $786.94 million, with estimates ranging from $783.30 million to $793.91 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Ormat Technologies.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings data on Wednesday, November 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $170.50 million for the quarter, compared to analyst estimates of $171.11 million. Ormat Technologies had a net margin of 12.59% and a return on equity of 6.00%. Ormat Technologies’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS.

Several research analysts have issued reports on the company. ValuEngine lowered Ormat Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group boosted their price objective on Ormat Technologies from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Zacks Investment Research upgraded Ormat Technologies from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Monday, October 21st. Roth Capital downgraded shares of Ormat Technologies from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a research report on Monday, November 11th. They noted that the move was a valuation call. Finally, Cowen lowered shares of Ormat Technologies from an “outperform” rating to a “market perform” rating and set a $76.00 price target for the company. in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $73.40.

Shares of Ormat Technologies stock opened at $76.50 on Wednesday. Ormat Technologies has a one year low of $49.70 and a one year high of $79.18. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.96 and a beta of 1.04. The business has a 50-day simple moving average of $76.15 and a 200 day simple moving average of $69.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.23 and a quick ratio of 1.11.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. Ormat Technologies’s dividend payout ratio (DPR) is currently 21.15%.

In related news, VP Zvi Krieger sold 668 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $76.88, for a total value of $51,355.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Byron G. Wong sold 1,460 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $77.01, for a total value of $112,434.60. Following the transaction, the director now owns 365 shares in the company, valued at $28,108.65. The disclosure for this sale can be found here. Insiders have sold a total of 2,936 shares of company stock valued at $225,602 over the last three months. Corporate insiders own 0.63% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of Ormat Technologies in the second quarter valued at about $64,000. Penserra Capital Management LLC purchased a new position in Ormat Technologies during the third quarter worth about $71,000. Public Employees Retirement System of Ohio boosted its holdings in Ormat Technologies by 20.3% during the second quarter. Public Employees Retirement System of Ohio now owns 1,383 shares of the energy company’s stock worth $88,000 after purchasing an additional 233 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Ormat Technologies by 57.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,946 shares of the energy company’s stock worth $124,000 after purchasing an additional 711 shares during the last quarter. Finally, Quest Capital Management Inc. ADV bought a new stake in Ormat Technologies in the 3rd quarter worth about $137,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

About Ormat Technologies

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity.

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