Owens & Minor (OMI) Expected to Announce Earnings of $0.47 Per Share

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.

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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.

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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.

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