Wall Street analysts predict that Owens & Minor, Inc. (NYSE:OMI) will post $0.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Owens & Minor’s earnings, with estimates ranging from $0.11 to $0.16. Owens & Minor posted earnings per share of $0.35 during the same quarter last year, which indicates a negative year over year growth rate of 60%. The business is expected to report its next earnings results on Wednesday, February 13th.
On average, analysts expect that Owens & Minor will report full year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.23. For the next financial year, analysts expect that the company will report earnings of $1.13 per share, with EPS estimates ranging from $0.85 to $1.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Owens & Minor.
Owens & Minor (NYSE:OMI) last issued its earnings results on Wednesday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Owens & Minor had a negative net margin of 1.57% and a positive return on equity of 9.50%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share.
Several research analysts have issued reports on OMI shares. Bank of America cut shares of Owens & Minor from a “buy” rating to a “neutral” rating in a report on Wednesday, October 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $8.50 target price on shares of Owens & Minor in a report on Friday, November 2nd. Barclays reaffirmed an “underweight” rating and issued a $8.00 target price (down from $12.00) on shares of Owens & Minor in a report on Thursday, November 1st. Finally, Leerink Swann set a $9.00 target price on shares of Owens & Minor and gave the stock a “hold” rating in a report on Wednesday, October 31st. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average target price of $12.90.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stephens Inc. AR raised its holdings in shares of Owens & Minor by 9.1% during the second quarter. Stephens Inc. AR now owns 45,398 shares of the company’s stock valued at $759,000 after purchasing an additional 3,801 shares during the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Owens & Minor by 47.4% during the second quarter. Glen Harbor Capital Management LLC now owns 11,928 shares of the company’s stock valued at $199,000 after purchasing an additional 3,836 shares during the last quarter. NumerixS Investment Technologies Inc raised its holdings in shares of Owens & Minor by 74.6% during the second quarter. NumerixS Investment Technologies Inc now owns 11,000 shares of the company’s stock valued at $189,000 after purchasing an additional 4,700 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Owens & Minor by 8.1% during the second quarter. Aperio Group LLC now owns 68,689 shares of the company’s stock valued at $1,148,000 after purchasing an additional 5,148 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in shares of Owens & Minor by 4.6% during the third quarter. North Star Investment Management Corp. now owns 121,707 shares of the company’s stock valued at $2,011,000 after purchasing an additional 5,321 shares during the last quarter. 90.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Owens & Minor stock opened at $7.63 on Thursday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.71 and a quick ratio of 0.88. The stock has a market capitalization of $475.11 million, a price-to-earnings ratio of 5.37, a PEG ratio of 1.46 and a beta of 1.66. Owens & Minor has a 52-week low of $7.17 and a 52-week high of $22.91.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, December 14th. This represents a $0.30 annualized dividend and a dividend yield of 3.93%. Owens & Minor’s payout ratio is 64.60%.
About Owens & Minor
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.
Featured Story: What is the Dividend Aristocrat Index?
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.