Owens & Minor, Inc. (OMI) Issues Earnings Results

Owens & Minor, Inc. (NYSE:OMI) announced its earnings results on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.10), Bloomberg Earnings reports. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS.

Owens & Minor (OMI) traded down 14.2625% during mid-day trading on Wednesday, hitting $21.0657. The stock had a trading volume of 3,446,454 shares. The company has a 50 day moving average price of $28.40 and a 200-day moving average price of $30.51. Owens & Minor has a one year low of $20.03 and a one year high of $37.02. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 13.4006 and a beta of 1.03.

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.19%. Owens & Minor’s dividend payout ratio is currently 65.19%.

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A number of analysts have issued reports on OMI shares. Zacks Investment Research raised Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, August 4th. Robert W. Baird reissued a “hold” rating and issued a $28.00 target price on shares of Owens & Minor in a research report on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and issued 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 issued a $29.50 target price (down previously from $30.50) on shares of Owens & Minor in a research report on Thursday, August 3rd. Finally, BidaskClub lowered Owens & Minor from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has an average rating of “Sell” and an average price target of $31.10.

About Owens & Minor

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).

Earnings History for Owens & Minor (NYSE:OMI)

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