Research – Orion Group Holdings (ORN) – Rebound Appears Underway Sooner Than Expected

Thursday, August 1, 2019

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:…



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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.
 

Research – Orion Group (ORN) –

Thursday, May 9, 2019

Orion Group Holdings (ORN)

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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.







Get full report on Channelchek desktop.

*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.
 

Research – ACCO Brands (ACCO) – Long -term strategy in play; difficult quarter

Thursday February 14, 2019

ACCO Brands (ACCO)

A Tough Ending to a Difficult Year.

ACCO Brands
Corporation designs, manufactures, sources, markets, and sells office products,
academic supplies, and calendar products primarily in the United States,
Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through
three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands
International. 

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

  • A Tough End to the Year. ACCO reported 4Q18 revenue of $529.3 million and adjusted net income of $42.9 million, or $0.41 per share, below our forecast of $558.1 million and $0.43, respectively, and consensus of $553 million and $0.43, respectively. For the full year, revenue came in at $1,941.2 million and adjusted EPS at $1.14.
  • A Confluence of Events. 2018 top line was impacted by reduced sales to North American wholesalers, reduced calendar sales and lower Australia and Mexico sales, among others. Margins were negatively impacted by unfavorable product and cust…


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*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.
 

Research – Greak Lakes Dredge & Dock (GLDD) – NobleCon15 Highlights

Monday, February 04, 2019

Great Lakes Dredge & Dock (GLDD)

NobleCon XV Presentation Reinforces Positive 2019 Outlook.

Great Lakes Dredge & Dock Corp is a
provider of dredging services in the United States. The Company operates in two
operating segments namely Dredging and Environmental, and Infrastructure.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

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