Brokerages expect Owens & Minor (NYSE:OMI) to announce earnings per share (EPS) of $0.47 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Owens & Minor’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.51. Owens & Minor posted earnings per share of $0.41 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Owens & Minor will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.14. For the next year, analysts forecast that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $2.10 to $2.33. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Owens & Minor.
Owens & Minor (NYSE:OMI) last posted its earnings results on Wednesday, February 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Owens & Minor had a net margin of 0.78% and a return on equity of 9.63%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS.
Several research firms have issued reports on OMI. Zacks Investment Research upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays began coverage on shares of Owens & Minor in a research note on Thursday, March 8th. They set an “underweight” rating and a $16.00 target price on the stock. ValuEngine cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase lowered their target price on shares of Owens & Minor from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Thursday, February 15th. Finally, Bank of America began coverage on shares of Owens & Minor in a research note on Tuesday, February 27th. They set a “buy” rating and a $19.00 target price on the stock. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Owens & Minor presently has an average rating of “Sell” and an average price target of $24.28.
OMI traded down $0.11 during midday trading on Monday, hitting $15.00. 546,441 shares of the company traded hands, compared to its average volume of 1,400,119. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 1.67. The stock has a market capitalization of $929.50, a P/E ratio of 9.32, a P/E/G ratio of 0.93 and a beta of 1.06. Owens & Minor has a 52 week low of $14.26 and a 52 week high of $34.97.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.93%. This is a positive change from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio is presently 64.60%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its holdings in Owens & Minor by 5.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 53,241 shares of the company’s stock worth $1,005,000 after acquiring an additional 2,654 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Owens & Minor by 30.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,821 shares of the company’s stock worth $404,000 after acquiring an additional 3,196 shares in the last quarter. Teachers Advisors LLC increased its holdings in Owens & Minor by 4.0% in the 4th quarter. Teachers Advisors LLC now owns 113,226 shares of the company’s stock worth $2,138,000 after acquiring an additional 4,360 shares in the last quarter. New Amsterdam Partners LLC NY increased its holdings in Owens & Minor by 7.0% in the 4th quarter. New Amsterdam Partners LLC NY now owns 70,997 shares of the company’s stock worth $1,340,000 after acquiring an additional 4,628 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Owens & Minor by 3,167.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the company’s stock worth $118,000 after acquiring an additional 6,082 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/23/owens-minor-omi-expected-to-announce-earnings-of-0-47-per-share.html.
Owens & Minor Company Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.
Get a free copy of the Zacks research report on Owens & Minor (OMI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.