Analysts Estimate Report : What to Look Out for Ormat Technologies (NYSE:ORA)

Earnings results for Ormat Technologies (NYSE:ORA)

Ormat Technologies, Inc. is expected* to report earnings on 02/24/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.34. The reported EPS for the same quarter last year was $0.24.

Analyst Opinion on Ormat Technologies (NYSE:ORA)

4 Wall Street analysts have issued ratings and price targets for Ormat Technologies in the last 12 months. Their average twelve-month price target is $96.67, predicting that the stock has a possible downside of 14.24%. The high price target for ORA is $100.00 and the low price target for ORA is $94.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Ormat Technologies has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $96.67, Ormat Technologies has a forecasted downside of 14.2% from its current price of $112.72. Ormat Technologies has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Ormat Technologies (NYSE:ORA)

Ormat Technologies has a dividend yield of 0.39%, which is in the bottom 25% of all stocks that pay dividends. Ormat Technologies does not have a long track record of dividend growth. The dividend payout ratio of Ormat Technologies is 30.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 29.93% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.

Insiders buying/selling: Ormat Technologies (NYSE:ORA)

In the past three months, Ormat Technologies insiders have not sold or bought any company stock. Only 0.80% of the stock of Ormat Technologies is held by insiders. 77.41% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Ormat Technologies (NYSE:ORA

Earnings for Ormat Technologies are expected to decrease by -8.70% in the coming year, from $1.61 to $1.47 per share. The P/E ratio of Ormat Technologies is 74.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 33.34. The P/E ratio of Ormat Technologies is 74.65, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 26.27. Ormat Technologies has a PEG Ratio of 6.68. PEG Ratios above 1 indicate that a company could be overvalued. Ormat Technologies has a P/B Ratio of 3.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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