Wall Street analysts forecast that Omnicell, Inc. (NASDAQ:OMCL) will post sales of $204.19 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Omnicell’s earnings. The highest sales estimate is $205.05 million and the lowest is $203.49 million. Omnicell reported sales of $171.97 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.7%. The company is expected to announce its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that Omnicell will report full-year sales of $204.19 million for the current year, with estimates ranging from $721.71 million to $723.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $800.24 million per share, with estimates ranging from $796.19 million to $805.52 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Omnicell.
Omnicell (NASDAQ:OMCL) last announced its earnings results on Thursday, October 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Omnicell had a negative net margin of 0.51% and a negative return on equity of 0.79%. The business had revenue of $186.78 million during the quarter, compared to analyst estimates of $192.45 million. During the same period in the previous year, the business posted $0.40 earnings per share. Omnicell’s revenue for the quarter was up 5.7% on a year-over-year basis.
OMCL has been the subject of several research analyst reports. Benchmark lifted their target price on shares of Omnicell from $55.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday, September 5th. Oppenheimer reiterated a “buy” rating and set a $55.00 target price on shares of Omnicell in a research report on Thursday, October 19th. Cantor Fitzgerald lifted their target price on shares of Omnicell to $58.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Craig Hallum reiterated a “buy” rating and set a $62.00 target price (up from $52.00) on shares of Omnicell in a research report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of Omnicell from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $55.14.
In other news, CFO Peter J. Kuipers sold 1,926 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $51.69, for a total value of $99,554.94. Following the completion of the sale, the chief financial officer now directly owns 40,544 shares in the company, valued at approximately $2,095,719.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dan S. Johnston sold 14,613 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $47.81, for a total transaction of $698,647.53. Following the completion of the sale, the executive vice president now owns 43,621 shares of the company’s stock, valued at $2,085,520.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,090 shares of company stock valued at $1,510,221. Company insiders own 3.77% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. raised its holdings in Omnicell by 1.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,896 shares of the company’s stock valued at $211,000 after buying an additional 76 shares during the last quarter. Arizona State Retirement System raised its holdings in Omnicell by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 19,384 shares of the company’s stock valued at $835,000 after buying an additional 100 shares during the last quarter. 1st Global Advisors Inc. raised its holdings in Omnicell by 1.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 7,948 shares of the company’s stock valued at $343,000 after buying an additional 120 shares during the last quarter. Sawgrass Asset Management LLC raised its holdings in Omnicell by 4.6% during the 2nd quarter. Sawgrass Asset Management LLC now owns 7,525 shares of the company’s stock valued at $324,000 after buying an additional 330 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Omnicell by 5.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the company’s stock valued at $378,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.
Shares of Omnicell (NASDAQ:OMCL) traded down $0.10 during trading on Friday, reaching $49.85. 26,322 shares of the company’s stock traded hands, compared to its average volume of 254,604. Omnicell has a twelve month low of $31.85 and a twelve month high of $55.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.53 and a quick ratio of 1.08.
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Omnicell Company Profile
Omnicell, Inc provides automation and business analytics software solutions for patient-centric medication and supply management across the entire healthcare continuum, from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home. It operates through two segments: Automation and Analytics, and Medication Adherence.
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