Owens & Minor, Inc. (NYSE:OMI) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Owens & Minor in a report released on Wednesday. Jefferies Group analyst S. Dodge expects that the company will post earnings of $0.51 per share for the quarter. Jefferies Group also issued estimates for Owens & Minor’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.10 EPS and FY2019 earnings at $2.18 EPS.
Several other brokerages also recently weighed in on OMI. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “strong sell” rating in a report on Friday, December 22nd. ValuEngine cut Owens & Minor from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Leerink Swann reaffirmed a “market perform” rating and set a $23.00 price objective (down from $34.00) on shares of Owens & Minor in a research report on Thursday, November 2nd. Credit Suisse Group reaffirmed an “underperform” rating and set a $17.00 price objective (down from $31.00) on shares of Owens & Minor in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $22.00 price objective on shares of Owens & Minor in a research report on Tuesday, December 19th. Five 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 a consensus target price of $26.50.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). 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%. Owens & Minor’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS.
Several hedge funds have recently bought and sold shares of OMI. Thrivent Financial For Lutherans lifted its position in shares of Owens & Minor by 8.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,370 shares of the company’s stock valued at $398,000 after buying an additional 1,010 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Owens & Minor by 1.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 52,856 shares of the company’s stock valued at $1,701,000 after purchasing an additional 834 shares during the period. Stifel Financial Corp raised its stake in Owens & Minor by 75.8% during the 2nd quarter. Stifel Financial Corp now owns 10,285 shares of the company’s stock valued at $332,000 after purchasing an additional 4,433 shares during the period. QS Investors LLC raised its stake in Owens & Minor by 22.7% during the 2nd quarter. QS Investors LLC now owns 9,737 shares of the company’s stock valued at $313,000 after purchasing an additional 1,803 shares during the period. Finally, Royal Bank of Canada raised its stake in Owens & Minor by 61.5% during the 2nd quarter. Royal Bank of Canada now owns 43,277 shares of the company’s stock valued at $1,393,000 after purchasing an additional 16,476 shares during the period. 94.23% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.26 per share. This is a boost 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 6.78%. The ex-dividend date of this dividend is Wednesday, March 14th. Owens & Minor’s payout ratio is presently 80.47%.
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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).
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