Movers and SHAKERS
Orion Group Holdings (ORN)
Introducing 2021 EBITDA Estimate and Raising Price Target
Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
We were looking for color on the 3Q2020 call in several key areas and there were some noteworthy items discussed. Please see page two for details.
4Q2020 EBITDA guidance of $10-$12 million in line with expectations. Fine-tuning 2020 EBITDA estimate of $52.3 million and introducing 2021 EBITDA estimate of $52.3 million. Flat outlook, but profitability remains strong. Looking for free operating cash flow of $30.5 million ($1.01/share) in 2020 and $15.3 million ($0.50/share) in 2021. Positive free cash flow is driving leverage down, and ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.