Orion Energy Systems (OESX) Scheduled to Post Quarterly Earnings on Wednesday

Orion Energy Systems (NASDAQ:OESXGet Free Report) is scheduled to release its earnings data before the market opens on Wednesday, February 7th. Analysts expect Orion Energy Systems to post earnings of ($0.12) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Orion Energy Systems (NASDAQ:OESXGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The electronics maker reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. Orion Energy Systems had a negative net margin of 50.18% and a negative return on equity of 55.88%. The firm had revenue of $20.59 million for the quarter, compared to the consensus estimate of $22.23 million. On average, analysts expect Orion Energy Systems to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Orion Energy Systems Stock Performance

OESX opened at $1.01 on Tuesday. The company’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $1.18. The company has a market cap of $32.84 million, a price-to-earnings ratio of -0.80 and a beta of 1.66. The company has a current ratio of 1.56, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. Orion Energy Systems has a 1-year low of $0.81 and a 1-year high of $2.14.

Insider Activity

In other news, insider Scott A. Green bought 53,300 shares of the stock in a transaction dated Thursday, November 30th. The stock was bought at an average price of $0.92 per share, for a total transaction of $49,036.00. Following the completion of the acquisition, the insider now directly owns 830,060 shares in the company, valued at approximately $763,655.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 70,800 shares of company stock worth $65,086 over the last quarter. Insiders own 6.00% of the company’s stock.

Institutional Trading of Orion Energy Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Orion Energy Systems by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 259,474 shares of the electronics maker’s stock worth $472,000 after buying an additional 5,688 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Orion Energy Systems by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 246,631 shares of the electronics maker’s stock worth $449,000 after buying an additional 6,014 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Orion Energy Systems during the first quarter worth about $39,000. Envestnet Asset Management Inc. purchased a new stake in Orion Energy Systems during the second quarter worth about $26,000. Finally, Tieton Capital Management LLC increased its holdings in Orion Energy Systems by 0.9% during the second quarter. Tieton Capital Management LLC now owns 2,219,240 shares of the electronics maker’s stock worth $3,617,000 after buying an additional 20,349 shares during the last quarter. Hedge funds and other institutional investors own 56.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Orion Energy Systems in a report on Monday. They issued a “hold” rating for the company.

Read Our Latest Report on OESX

About Orion Energy Systems

(Get Free Report)

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.

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Earnings History for Orion Energy Systems (NASDAQ:OESX)

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