Owens & Minor (OMI) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Owens & Minor (NYSE:OMI) announced its quarterly earnings data on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01, Bloomberg Earnings reports. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Owens & Minor had a return on equity of 10.85% and a net margin of 0.83%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS.

Owens & Minor (OMI) traded up $0.27 on Thursday, hitting $15.60. The stock had a trading volume of 2,523,407 shares, compared to its average volume of 1,610,000. Owens & Minor has a 52 week low of $14.26 and a 52 week high of $36.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.77 and a quick ratio of 0.95. The stock has a market cap of $955.49, a P/E ratio of 12.38, a PEG ratio of 1.41 and a beta of 0.92.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.67%. Owens & Minor’s dividend payout ratio (DPR) is 81.75%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Eqis Capital Management Inc. raised its stake in shares of Owens & Minor by 141.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 18,184 shares of the company’s stock worth $531,000 after purchasing an additional 10,653 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Owens & Minor during the 4th quarter worth about $466,000. Opus Capital Group LLC purchased a new stake in shares of Owens & Minor during the 4th quarter worth about $2,937,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Owens & Minor in the 3rd quarter valued at approximately $899,000. Finally, KBC Group NV bought a new position in shares of Owens & Minor in the 3rd quarter valued at approximately $2,283,000. 94.23% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on OMI shares. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “strong sell” rating in a research note on Friday, December 22nd. ValuEngine downgraded Owens & Minor from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Leerink Swann reissued a “market perform” rating and issued a $23.00 price objective (down from $34.00) on shares of Owens & Minor in a research note on Thursday, November 2nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.00 price objective on shares of Owens & Minor in a research note on Tuesday, December 19th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $17.00 price target (down from $31.00) on shares of Owens & Minor in a research note on Monday, November 20th. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average price target of $26.21.

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Owens & Minor Company Profile

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).

Earnings History for Owens & Minor (NYSE:OMI)

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