Owens & Minor, Inc. (NYSE:OMI) – Leerink Swann dropped their Q1 2018 earnings estimates for shares of Owens & Minor in a report released on Thursday. Leerink Swann analyst D. Larsen now anticipates that the company will post earnings of $0.43 per share for the quarter, down from their previous estimate of $0.49. Leerink Swann has a “Market Perform” rating and a $23.00 price objective on the stock. Leerink Swann also issued estimates for Owens & Minor’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $2.06 EPS and FY2019 earnings at $2.35 EPS.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Owens & Minor from a “hold” rating to a “strong sell” rating in a report on Friday, December 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.00 target price on shares of Owens & Minor in a report on Tuesday, December 19th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 target price (down previously from $31.00) on shares of Owens & Minor in a report on Monday, November 20th. Finally, ValuEngine cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Five research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Owens & Minor currently has a consensus rating of “Sell” and a consensus target price of $26.21.
Owens & Minor (NYSE:OMI) last posted its earnings results on Wednesday, February 14th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $2.39 billion during 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 earnings per share.
Several institutional investors have recently added to or reduced their stakes in OMI. Northwestern Mutual Wealth Management Co. increased its stake in shares of Owens & Minor by 3,167.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the company’s stock valued at $118,000 after buying an additional 6,082 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Owens & Minor by 341.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,626 shares of the company’s stock valued at $200,000 after buying an additional 8,219 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Owens & Minor by 42.9% in the third quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock valued at $274,000 after buying an additional 2,816 shares during the period. New Mexico Educational Retirement Board acquired a new position in shares of Owens & Minor in the fourth quarter valued at approximately $287,000. Finally, Stifel Financial Corp increased its stake in shares of Owens & Minor by 75.8% in the second quarter. Stifel Financial Corp now owns 10,285 shares of the company’s stock valued at $332,000 after buying an additional 4,433 shares during the period. 98.32% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.47%. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio is currently 85.83%.
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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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