Owens & Minor, Inc. (NYSE:OMI) announced its earnings results on Monday. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.10), Bloomberg Earnings reports. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.40 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 4.19%. Owens & Minor’s payout ratio is 65.19%.
OMI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC restated a “hold” rating and set a $36.00 target price on shares of Owens & Minor in a research note on Friday, July 7th. BidaskClub downgraded Owens & Minor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. UBS AG restated a “sell” rating and set a $29.50 target price (down from $30.50) on shares of Owens & Minor in a research note on Thursday, August 3rd. Finally, Robert W. Baird upgraded Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus price target of $31.10.
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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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