Omega Protein Corporation (OME) Set to Announce Quarterly Earnings on Tuesday
Omega Protein Corporation (NYSE:OME) will be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
Omega Protein Corporation (NYSE:OME) last posted its earnings results on Wednesday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $93.90 million during the quarter, compared to analyst estimates of $87.44 million. Omega Protein Corporation had a net margin of 8.95% and a return on equity of 10.46%. Omega Protein Corporation’s revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts expect Omega Protein Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Omega Protein Corporation (NYSE:OME) opened at 22.00 on Tuesday. The firm has a market capitalization of $494.21 million, a price-to-earnings ratio of 15.40 and a beta of 0.28. Omega Protein Corporation has a 1-year low of $14.50 and a 1-year high of $26.99. The firm’s 50-day moving average is $18.33 and its 200-day moving average is $17.80.
OME has been the topic of a number of research analyst reports. ValuEngine raised shares of Omega Protein Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Pivotal Research decreased 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.
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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).
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