Zacks: Brokerages Anticipate Owens & Minor, Inc. (OMI) Will Announce Earnings of $0.38 Per Share

Brokerages expect Owens & Minor, Inc. (NYSE:OMI) to post $0.38 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Owens & Minor’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.33. Owens & Minor reported earnings per share of $0.52 during the same quarter last year, which would suggest a negative year over year growth rate of 26.9%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, February 14th.

On average, analysts expect that Owens & Minor will report full-year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.59 to $1.75. For the next fiscal year, analysts forecast that the firm will post earnings of $2.02 per share, with EPS estimates ranging from $1.80 to $2.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Owens & Minor.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up .9% on a year-over-year basis.

Several brokerages have commented on OMI. Leerink Swann restated 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. Zacks Investment Research upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Credit Suisse Group restated 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. ValuEngine downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $22.00 price objective on shares of Owens & Minor in a research report on Tuesday, December 19th. Five investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and a consensus target price of $26.50.

Shares of Owens & Minor (NYSE:OMI) traded up $0.39 on Wednesday, reaching $15.33. 3,317,817 shares of the company’s stock traded hands, compared to its average volume of 1,591,188. Owens & Minor has a 1-year low of $14.26 and a 1-year high of $36.73. The firm has a market capitalization of $961.62, a P/E ratio of 11.98, a P/E/G ratio of 1.48 and a beta of 0.92. The company has a current ratio of 1.77, a quick ratio of 0.95 and a debt-to-equity ratio of 0.91.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 14th. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. This represents a $1.04 annualized dividend and a dividend yield of 6.78%. Owens & Minor’s dividend payout ratio is 80.47%.

Several large investors have recently made changes to their positions in OMI. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Owens & Minor by 3,167.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the company’s stock worth $118,000 after buying an additional 6,082 shares in the last quarter. Flinton Capital Management LLC increased its holdings in shares of Owens & Minor by 62.7% during the second quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after buying an additional 1,504 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Owens & Minor by 42.9% during the third quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock worth $274,000 after buying an additional 2,816 shares in the last quarter. New Mexico Educational Retirement Board acquired a new position in shares of Owens & Minor during the fourth quarter worth $287,000. Finally, QS Investors LLC increased its holdings in shares of Owens & Minor by 22.7% during the second quarter. QS Investors LLC now owns 9,737 shares of the company’s stock worth $313,000 after buying an additional 1,803 shares in the last quarter. Institutional investors own 94.23% of the company’s stock.

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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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