Ormat Technologies Inc. (ORA): Next Year EPS Value is Estimated at 2.14

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Ormat Technologies Inc. (NYSE:ORA) changes shares on Tuesday trading session, with a change of 1.52% or $0.89 shares. The trading starts at $58.24 and closed at $58.51 throughout the day. The trading session low price was $57.36 and day high was $60.10 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 0.53 million while its average volume is 337.87K. In other hand, the ORA market cap reached to $3.00B. While, its current target price is $74.00.

On April 16, 2020, BRIEF-Orix Corp And Ormat Tech Entered Into Governance Amendment Agreement To Permit Increase To Size Of Ormat’s Board. According to the news reported on Reuters, * ORIX CORP – ON APRIL 14, ORIX, ORMAT TECHNOLOGIES ENTERED INTO GOVERNANCE AMENDMENT AGREEMENT TO PERMIT INCREASE TO SIZE OF ORMAT’S BOARD

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -3.40% and down -4.53% for month. Its quarterly performance was -4.73% below, while its half year performance is down -28.61%. ORA yearly performance stood at negative -7.38% and fall -20.29% for year-to-date. Current recommendation for Ormat Technologies Inc. is 2.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ORA EPS (TTM) for 12-month is 1.72. EPS for this year is -45.90%, while for the next year its value is 2.14. Sales growth for the current quarter is 3.14 while its EPS Q/Q reached -0.70%. It has an EPS of 7.80% up for past five years and for the next five years will be up 11.00%.

Let’s take a look on the analyst recommendations on ORA for the current month and previous month. For the current month, 2 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 1 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $71.00 – $82.00. Average target price for ORA was reached at $76.00.

Orix Corp, Vanguard Group, Inc. (The) and Blackrock Inc. are the top three holders in Ormat Technologies Inc. (ORA) stock. On Mar 30, 2020, Orix Corp has 10.99 million shares which valued 743.49 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 4.06 million shares which valued at 274.85 million. On Mar 30, 2020, Blackrock Inc. has a total of 3.94 million shares which valued at 266.82 million. In the end, Blackrock Inc. have 7.73% shares outstanding of Ormat Technologies Inc. (ORA) on Mar 30, 2020. The insider ownership moved to 1.14% and institutional holding shifted to 79.40%.

The company posted an EPS (TTM) of 1.72. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.38, while 0.4 EPS posted a year ago period. Analyst Estimated EPS for ORA published in the report was $0.36 – $0.39 during the same period. Comparing with last year, the average estimated EPS was 0.4 which is lower than 0.53 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ORA fall -16.21% for period of 200 days. SMA for 50 days was -9.13% which is showing red signal, while SMA-20 was -3.55%. The moving average value for Ormat Technologies Inc. (ORA) is 3.04M and 8.10% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ORA stock. On Dec 17, Argas Shlomi, EVP, Product Segment, sold 1,521 trading shares at the cost of $77.70, which valued at 0.12 million. On Dec 06, FALK DAN, Director, sold 7,500 shares at the cost of $77.77, with total shares of 1,667. On Nov 25, Wong Byron G., Director, sold 1,460 shares at the cost of 77.01. After this transaction, Wong Byron G. total shares reached to 365 which valued at 0.11 million.