Orion Energy Systems, Inc. (NASDAQ:OESX) – Investment analysts at B. Riley raised their FY2020 earnings estimates for shares of Orion Energy Systems in a report released on Thursday, January 30th. B. Riley analyst M. Wiesenberger now anticipates that the electronics maker will earn $0.45 per share for the year, up from their prior forecast of $0.41. B. Riley has a “Buy” rating and a $6.00 price target on the stock. B. Riley also issued estimates for Orion Energy Systems’ FY2021 earnings at $0.38 EPS.
Several other equities research analysts have also recently weighed in on OESX. ValuEngine cut shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Roth Capital increased their price objective on shares of Orion Energy Systems from $3.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Thursday, January 16th. Finally, Craig Hallum reiterated a “buy” rating and set a $6.00 price objective (up from $4.00) on shares of Orion Energy Systems in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Orion Energy Systems currently has a consensus rating of “Buy” and an average price target of $5.05.
OESX opened at $4.92 on Friday. Orion Energy Systems has a twelve month low of $0.85 and a twelve month high of $5.10. The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $3.78 and a 200-day moving average of $3.11. The stock has a market cap of $148.74 million, a PE ratio of 16.40 and a beta of 2.21.
Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, November 6th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.15. The firm had revenue of $48.32 million during the quarter, compared to the consensus estimate of $33.72 million. Orion Energy Systems had a net margin of 7.07% and a return on equity of 41.75%.
A number of large investors have recently bought and sold shares of OESX. Citadel Advisors LLC acquired a new stake in Orion Energy Systems in the second quarter worth $32,000. Squarepoint Ops LLC acquired a new position in shares of Orion Energy Systems during the third quarter valued at about $35,000. Jane Street Group LLC acquired a new position in shares of Orion Energy Systems during the second quarter valued at about $51,000. Susquehanna International Group LLP acquired a new position in shares of Orion Energy Systems during the second quarter valued at about $59,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Orion Energy Systems during the fourth quarter valued at about $100,000. Institutional investors and hedge funds own 37.98% of the company’s stock.
In other news, Director Michael J. Potts sold 29,546 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $3.79, for a total transaction of $111,979.34. Following the completion of the sale, the director now directly owns 645,797 shares in the company, valued at $2,447,570.63. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Scott A. Green sold 148,473 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $3.29, for a total transaction of $488,476.17. Following the completion of the sale, the chief operating officer now owns 476,697 shares of the company’s stock, valued at $1,568,333.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 408,831 shares of company stock valued at $1,338,296. 11.90% of the stock is currently owned by corporate insiders.
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.