Owens & Minor, Inc. (NYSE:OMI) Expected to Post Earnings of $0.18 Per Share

Wall Street analysts expect Owens & Minor, Inc. (NYSE:OMI) to announce earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Owens & Minor’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. Owens & Minor reported earnings per share of $0.32 during the same quarter last year, which indicates a negative year-over-year growth rate of 43.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Owens & Minor will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.66. For the next fiscal year, analysts anticipate that the company will post earnings of $0.70 per share, with EPS estimates ranging from $0.60 to $0.83. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Owens & Minor.

Owens & Minor (NYSE:OMI) last posted its earnings results on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Owens & Minor had a positive return on equity of 5.53% and a negative net margin of 2.88%. Owens & Minor’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share.

Several research firms recently commented on OMI. ValuEngine raised Owens & Minor from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Zacks Investment Research lowered Owens & Minor from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $6.13.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMI. Blackstone Group Inc acquired a new position in Owens & Minor in the second quarter valued at $8,287,000. Invesco Ltd. boosted its position in shares of Owens & Minor by 147.3% during the second quarter. Invesco Ltd. now owns 2,404,873 shares of the company’s stock valued at $7,695,000 after purchasing an additional 1,432,480 shares in the last quarter. Norges Bank bought a new stake in shares of Owens & Minor during the fourth quarter valued at approximately $6,208,000. SG Americas Securities LLC boosted its position in shares of Owens & Minor by 578.7% during the first quarter. SG Americas Securities LLC now owns 658,265 shares of the company’s stock valued at $2,699,000 after purchasing an additional 561,274 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Owens & Minor by 123.1% during the second quarter. Renaissance Technologies LLC now owns 826,550 shares of the company’s stock valued at $2,645,000 after purchasing an additional 456,100 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

NYSE:OMI traded up $0.08 during trading hours on Thursday, hitting $4.83. The company’s stock had a trading volume of 761,911 shares, compared to its average volume of 1,513,868. The company has a market capitalization of $299.06 million, a PE ratio of 4.20, a P/E/G ratio of 2.15 and a beta of 1.74. The company has a fifty day simple moving average of $3.23. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.68 and a quick ratio of 0.84. Owens & Minor has a 52-week low of $2.43 and a 52-week high of $18.40.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.002 dividend. This represents a $0.01 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Friday, September 13th. Owens & Minor’s dividend payout ratio (DPR) is presently 0.87%.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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