Wall Street analysts forecast that Owens & Minor, Inc. (NYSE:OMI) will report earnings per share of $0.04 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Owens & Minor’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.00. Owens & Minor reported earnings per share of $0.43 in the same quarter last year, which would suggest a negative year-over-year growth rate of 90.7%. The business is scheduled to report its next earnings report on Thursday, May 9th.

On average, analysts expect that Owens & Minor will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.70. For the next fiscal year, analysts expect that the company will report earnings of $0.73 per share, with EPS estimates ranging from $0.60 to $0.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Owens & Minor.

Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, February 19th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). Owens & Minor had a negative net margin of 4.44% and a positive return on equity of 8.99%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the business earned $0.38 earnings per share. Owens & Minor’s quarterly revenue was up 6.4% on a year-over-year basis.

OMI has been the topic of several recent research reports. Bank of America cut their target price on Owens & Minor from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 3rd. Barclays restated a “sell” rating and set a $6.00 target price on shares of Owens & Minor in a report on Sunday, January 6th. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. UBS Group initiated coverage on Owens & Minor in a report on Thursday, January 17th. They set a “neutral” rating and a $8.00 target price on the stock. Finally, ValuEngine upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Owens & Minor has a consensus rating of “Hold” and a consensus price target of $6.70.

NYSE OMI traded down $0.02 during trading on Tuesday, hitting $3.38. 1,245,284 shares of the company traded hands, compared to its average volume of 1,748,169. Owens & Minor has a 12 month low of $3.33 and a 12 month high of $19.16. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.72 and a quick ratio of 0.85. The firm has a market cap of $213.01 million, a P/E ratio of 2.94, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.0025 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.30%. Owens & Minor’s payout ratio is presently 0.87%.

Several institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Owens & Minor in the first quarter worth about $145,000. Nisa Investment Advisors LLC increased its stake in shares of Owens & Minor by 302.2% in the first quarter. Nisa Investment Advisors LLC now owns 72,800 shares of the company’s stock worth $298,000 after purchasing an additional 54,700 shares during the period. Cardinal Capital Management bought a new position in shares of Owens & Minor in the first quarter worth about $277,000. Geode Capital Management LLC increased its stake in shares of Owens & Minor by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 660,313 shares of the company’s stock worth $4,179,000 after purchasing an additional 72,726 shares during the period. Finally, Norges Bank bought a new position in shares of Owens & Minor in the fourth quarter worth about $6,208,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

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.

Featured Article: How to Trade Using Analysts Ratings

Get a free copy of the Zacks research report on Owens & Minor (OMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.