Movers and SHAKERS
Orion Group Holdings (ORN)
Rebound Appears Underway Sooner Than Expected
Orion Group Holdings Inc is a US-based company which provides solutions in marine construction, design and specialty services both on and off the water in the continental US, Alaska, Canada, and the Caribbean Basin.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Transition quarter was surprisingly strong. 2Q2019 revenue of $166.0 million and adjusted EBITDA of $9.0 million were well ahead of expectations. 2Q2019 EBITDA margin of 5.4% was well ahead of our forecast of 2.9% and up from 1.7% in 1Q2019.
- Call with management today (August 1st) at 10:00 am ET. The number is 201-493-6739 and code is Orion. Looking for color in three key areas:...
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 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.