Owens & Minor, Inc. (NYSE:OMI) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.92.
Shares of Owens & Minor, Inc. (OMI) traded down 16.2715% on Wednesday, reaching $20.5721. 3,213,460 shares of the company’s stock traded hands. The firm has a market capitalization of $1.26 billion, a P/E ratio of 13.0866 and a beta of 1.03. Owens & Minor, Inc. has a 52 week low of $20.03 and a 52 week high of $37.02. The company’s 50-day moving average is $28.40 and its 200-day moving average is $30.51.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.10). The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.40 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Equities research analysts anticipate that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 4.19%. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.
Several equities research analysts have issued reports on OMI shares. Robert W. Baird raised shares of Owens & Minor from an underperform rating to a neutral rating and set a $28.00 price target on the stock in a report on Friday, September 1st. Zacks Investment Research lowered shares of Owens & Minor from a hold rating to a sell rating in a report on Thursday, October 12th. UBS AG reissued a sell rating and issued a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Jefferies Group LLC reissued a hold rating and issued a $36.00 price target on shares of Owens & Minor in a report on Friday, July 7th. Finally, BidaskClub lowered shares of Owens & Minor from a sell rating to a strong sell rating in a report on Saturday, August 5th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Owens & Minor has an average rating of Sell and a consensus target price of $31.10.
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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).
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