Omega Protein Corporation (OME) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS
Omega Protein Corporation (NYSE:OME) posted its quarterly earnings results on Wednesday. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08, Bloomberg Earnings reports. Omega Protein Corporation had a return on equity of 12.68% and a net margin of 8.06%. The business had revenue of $93.90 million for the quarter, compared to analyst estimates of $87.44 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s quarterly revenue was down 16.7% compared to the same quarter last year.
Shares of Omega Protein Corporation (NYSE OME) traded down 0.31% during mid-day trading on Wednesday, reaching $16.15. 150,385 shares of the company traded hands. The stock has a market capitalization of $362.41 million, a price-to-earnings ratio of 11.88 and a beta of 0.21. Omega Protein Corporation has a 52-week low of $15.75 and a 52-week high of $26.99. The company’s 50 day moving average is $16.90 and its 200 day moving average is $20.02.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.20 annualized dividend and a yield of 1.24%. Omega Protein Corporation’s dividend payout ratio (DPR) is currently 14.81%.
Several analysts recently issued reports on OME shares. Zacks Investment Research upgraded shares of Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine lowered shares of Omega Protein Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Pivotal Research reduced their price objective on shares of Omega Protein Corporation from $18.00 to $15.00 and set a “hold” rating on the stock in a report on Friday, July 7th. Finally, BidaskClub lowered shares of Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Omega Protein Corporation presently has a consensus rating of “Hold” and a consensus target price of $23.75.
About Omega Protein Corporation
Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).
Receive News & Ratings for Omega Protein Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Protein Corporation and related companies with MarketBeat.com's FREE daily email newsletter.