Zacks: Analysts Anticipate Owens & Minor, Inc. (NYSE:OMI) to Post $0.18 Earnings Per Share

Equities research analysts predict that Owens & Minor, Inc. (NYSE:OMI) will report earnings per share of $0.18 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Owens & Minor’s earnings, with estimates ranging from $0.18 to $0.19. Owens & Minor posted earnings per share of $0.32 during the same quarter last year, which would suggest a negative year over year growth rate of 43.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that Owens & Minor will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.66. For the next year, analysts forecast that the business will post earnings of $0.70 per share, with EPS estimates ranging from $0.60 to $0.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Owens & Minor.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. boosted its stake in shares of Owens & Minor by 0.3% in the 2nd quarter. Prudential Financial Inc. now owns 907,042 shares of the company’s stock valued at $2,903,000 after purchasing an additional 2,700 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Owens & Minor by 66.9% in the second quarter. Bank of Montreal Can now owns 8,066 shares of the company’s stock valued at $26,000 after purchasing an additional 3,233 shares during the last quarter. FMR LLC raised its holdings in shares of Owens & Minor by 159,300.0% in the fourth quarter. FMR LLC now owns 4,782 shares of the company’s stock valued at $30,000 after purchasing an additional 4,779 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Owens & Minor by 2.4% in the fourth quarter. Legal & General Group Plc now owns 210,066 shares of the company’s stock valued at $1,330,000 after purchasing an additional 5,012 shares during the last quarter. Finally, Factorial Partners LLC raised its holdings in shares of Owens & Minor by 10.2% in the second quarter. Factorial Partners LLC now owns 65,000 shares of the company’s stock valued at $208,000 after purchasing an additional 6,000 shares during the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

OMI traded up $0.08 on Thursday, reaching $4.83. 761,911 shares of the company traded hands, compared to its average volume of 1,513,868. The business has a 50 day moving average price of $3.23. Owens & Minor has a 52-week low of $2.43 and a 52-week high of $18.40. The stock has a market cap of $299.06 million, a P/E ratio of 4.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.74. The company has a current ratio of 1.68, a quick ratio of 0.84 and a debt-to-equity ratio of 3.60.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Friday, September 13th. Owens & Minor’s payout ratio is presently 0.87%.

About Owens & Minor

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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