|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||8.40|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||0.04 (0.73%)|
|1y Target Est||4.50|
Third Qtr. 2018 Net Income of $588,000 ($0.16 per diluted share) v. $699,000 ($0.19 per diluted share) in Prior Year Period Nine Months 2018 Net Income of $1,753,000 ($0.49 per.
Mitchell Binder, President and CEO of Orbit International, commented, “Aside from the firm month of bookings, our OEG is expecting several follow-on awards from its prime contractors which should be received in the fourth quarter, although the timing of the actual awards is an uncertainty. Binder continued, “In addition to the bookings from our OEG, our Power Group (“OPG”) continues to receive pre-production orders utilizing its VPX technology and bids for new VPX opportunities are accelerating.
Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, announced today that its Board of Directors has declared a cash dividend of $0.01 per share payable to shareholders of record as of September 28, 2018 with a payment date of October 5, 2018. Furthermore, the Company announced its intention to pay quarterly and annual cash dividends to holders of its common stock. The decision to declare a quarterly or annual cash dividend and the dollar amount of any such dividend will be determined by the Company’s Board of Directors based on the Company’s financial condition and results of its operations at that time.
Bookings for the month of August were highlighted by (i) an approximately $445,000 order received from a U.S. government agency for its displays and (ii) a follow-on production order approximating $225,000 from a prime contractor for its displays used on a major shipboard program. Other orders received during the month were for switch panels and other displays. Deliveries for the awards received during August are expected to commence in the third quarter of 2018 and continue through the third quarter of 2019. Mitchell Binder, President and CEO of Orbit International commented, “Aside from the firm month of bookings, our OEG is expecting several follow-on awards from its prime contractors which should be received in the fourth quarter, although the timing of the actual awards is an uncertainty.
Categories: Yahoo FinanceGet free summary analysis Orbit International Corp. reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Orbit International Corp. – Tel-Instrument Electronics Corp, AMETEK, Inc., Raytheon Company, L3 Technologies, Inc., Northrop Grumman Corporation, Kratos Defense & Security Solutions, Inc. and Mercury Systems, Inc. (TIK-US, ... Read more (Read more...)