Analysts predict that Owens & Minor, Inc. (NYSE:OMI) will announce $0.07 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Owens & Minor’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.08. Owens & Minor posted earnings per share of $0.32 in the same quarter last year, which indicates a negative year over year growth rate of 78.1%. The company is expected to announce its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Owens & Minor will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.68. For the next financial year, analysts forecast that the firm will post earnings of $0.68 per share, with EPS estimates ranging from $0.58 to $0.80. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Owens & Minor.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Owens & Minor had a positive return on equity of 6.92% and a negative net margin of 4.63%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the company posted $0.43 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year.
Several analysts have issued reports on OMI shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $7.00 price target on shares of Owens & Minor in a research report on Thursday, February 21st. ValuEngine raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Barclays reissued a “sell” rating and issued a $5.00 price objective on shares of Owens & Minor in a research report on Thursday, February 21st. UBS Group began coverage on shares of Owens & Minor in a research report on Thursday, January 17th. They issued a “neutral” rating and a $8.00 price objective on the stock. Finally, Bank of America reissued a “neutral” rating and issued a $4.50 price objective (down from $7.00) on shares of Owens & Minor in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.21.
Several institutional investors and hedge funds have recently modified their holdings of OMI. FMR LLC increased its position in Owens & Minor by 159,300.0% during the fourth quarter. FMR LLC now owns 4,782 shares of the company’s stock worth $30,000 after acquiring an additional 4,779 shares during the period. First Trust Advisors LP bought a new position in Owens & Minor during the first quarter worth about $56,000. First Allied Advisory Services Inc. bought a new position in Owens & Minor during the fourth quarter worth about $71,000. Magnus Financial Group LLC bought a new position in Owens & Minor during the fourth quarter worth about $80,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Owens & Minor during the fourth quarter worth about $85,000. 95.81% of the stock is currently owned by institutional investors.
NYSE OMI traded down $0.09 on Thursday, hitting $3.68. 1,192,445 shares of the stock were exchanged, compared to its average volume of 1,682,372. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 3.67. Owens & Minor has a 52 week low of $3.26 and a 52 week high of $19.16. The firm has a market capitalization of $239.17 million, a P/E ratio of 3.20, a price-to-earnings-growth ratio of 1.93 and a beta of 1.57.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, June 13th. Owens & Minor’s payout ratio is presently 0.87%.
Owens & Minor Company Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
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