Owens & Minor, Inc. (OMI) Scheduled to Post Quarterly Earnings on Monday
Owens & Minor, Inc. (NYSE:OMI) will issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Owens & Minor has set its FY17 guidance at $1.90-$2.00 EPS and its FY18 guidance at $2.25-$2.35 EPS.
Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Owens & Minor had a return on equity of 8.14% and a net margin of 0.89%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts expect Owens & Minor to post $1.92 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
Shares of Owens & Minor, Inc. (NYSE OMI) opened at 29.26 on Monday. Owens & Minor, Inc. has a 12 month low of $26.91 and a 12 month high of $37.02. The company has a market cap of $1.79 billion, a PE ratio of 18.61 and a beta of 1.03. The firm’s 50-day moving average price is $28.68 and its 200-day moving average price is $30.89.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, September 14th. Owens & Minor’s dividend payout ratio (DPR) is 65.19%.
Several research firms have weighed in on OMI. BidaskClub lowered Owens & Minor from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Owens & Minor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price target (down previously from $36.00) on shares of Owens & Minor in a research report on Wednesday, August 9th. Robert W. Baird reaffirmed a “hold” rating and set a $28.00 price target on shares of Owens & Minor in a research report on Thursday, October 12th. Finally, UBS AG reaffirmed a “sell” rating and set a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has a consensus rating of “Sell” and an average price target of $31.10.
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About Owens & Minor
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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