Equities research analysts predict that Owens & Minor, Inc. (NYSE:OMI) will announce earnings of $0.50 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Owens & Minor’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.52. Owens & Minor reported earnings per share of $0.51 during the same quarter last year, which suggests a negative year-over-year growth rate of 2%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Owens & Minor will report full-year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.93. For the next year, analysts expect that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.20 to $2.29. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Owens & Minor.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Owens & Minor’s revenue for the quarter was down 8.8% compared to the same quarter last year.
OMI has been the topic of a number of recent research reports. BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised Owens & Minor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reissued a “hold” rating and set a $36.00 target price on shares of Owens & Minor in a research report on Friday, July 7th. UBS AG reissued a “sell” rating and set a $29.50 target price (down from $30.50) on shares of Owens & Minor in a research report on Thursday, August 3rd. Finally, Robert W. Baird raised Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $31.10.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in Owens & Minor by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the company’s stock valued at $251,000 after purchasing an additional 20 shares in the last quarter. Security National Bank of Sioux City Iowa IA boosted its holdings in Owens & Minor by 0.3% during the first quarter. Security National Bank of Sioux City Iowa IA now owns 18,604 shares of the company’s stock valued at $644,000 after purchasing an additional 49 shares in the last quarter. Isthmus Partners LLC boosted its holdings in Owens & Minor by 0.4% during the second quarter. Isthmus Partners LLC now owns 17,425 shares of the company’s stock valued at $561,000 after purchasing an additional 74 shares in the last quarter. Blair William & Co. IL boosted its holdings in Owens & Minor by 0.5% during the second quarter. Blair William & Co. IL now owns 20,638 shares of the company’s stock valued at $664,000 after purchasing an additional 97 shares in the last quarter. Finally, Creative Planning boosted its holdings in Owens & Minor by 2.9% during the second quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after purchasing an additional 113 shares in the last quarter. 97.77% of the stock is currently owned by institutional investors.
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Shares of Owens & Minor (NYSE OMI) traded up 0.07% during mid-day trading on Friday, reaching $28.20. The company’s stock had a trading volume of 293,646 shares. Owens & Minor has a 12 month low of $26.91 and a 12 month high of $37.02. The company has a 50 day moving average price of $28.46 and a 200 day moving average price of $31.19. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.96 and a beta of 1.03.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, September 14th. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.
Owens & Minor Company Profile
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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