Owens & Minor, Inc. (OMI) Expected to Announce Earnings of $0.51 Per Share

Brokerages forecast that Owens & Minor, Inc. (NYSE:OMI) will post $0.51 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Owens & Minor’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.48. Owens & Minor reported earnings of $0.52 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The business is expected to report its next quarterly earnings report on Tuesday, February 13th.

On average, analysts expect that Owens & Minor will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.79. For the next year, analysts anticipate that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $2.10 to $2.48. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Owens & Minor.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.10). The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.40 billion. Owens & Minor had a return on equity of 10.85% and a net margin of 0.83%. Owens & Minor’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share.

Several research analysts have weighed in on OMI shares. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “strong sell” rating in a report on Friday, December 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $22.00 price objective on shares of Owens & Minor in a report on Tuesday, December 19th. Credit Suisse Group reissued an “underperform” rating and set a $17.00 price objective (down from $31.00) on shares of Owens & Minor in a report on Monday, November 20th. ValuEngine lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $28.00 price objective on shares of Owens & Minor in a report on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average price target of $26.50.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Owens & Minor by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,017,359 shares of the company’s stock worth $88,108,000 after buying an additional 359,785 shares during the last quarter. State Street Corp lifted its position in shares of Owens & Minor by 4.1% in the 2nd quarter. State Street Corp now owns 2,357,208 shares of the company’s stock worth $75,880,000 after buying an additional 92,783 shares during the last quarter. Northern Trust Corp lifted its position in shares of Owens & Minor by 24.9% in the 2nd quarter. Northern Trust Corp now owns 2,110,016 shares of the company’s stock worth $67,922,000 after buying an additional 421,202 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Owens & Minor by 3.2% in the 3rd quarter. Pzena Investment Management LLC now owns 1,617,568 shares of the company’s stock worth $47,233,000 after buying an additional 50,156 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Owens & Minor in the 3rd quarter worth about $46,708,000. Institutional investors own 96.56% of the company’s stock.

Shares of Owens & Minor (OMI) traded up $0.24 during mid-day trading on Friday, reaching $22.00. 1,143,699 shares of the company’s stock traded hands, compared to its average volume of 1,180,000. The firm has a market cap of $1,350.00, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.95 and a current ratio of 1.77. Owens & Minor has a 52 week low of $17.75 and a 52 week high of $36.73.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.2575 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 4.68%. Owens & Minor’s payout ratio is currently 81.75%.

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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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