$0.31 Earnings Per Share Expected for Owens & Minor, Inc. (OMI) This Quarter
Wall Street analysts forecast that Owens & Minor, Inc. (NYSE:OMI) will announce earnings per share of $0.31 for the current quarter, according to Zacks. Four analysts have provided estimates for Owens & Minor’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.27. Owens & Minor posted earnings per share of $0.40 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.5%. The firm is expected to announce its next earnings results on Wednesday, November 7th.
On average, analysts expect that Owens & Minor will report full-year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.47. For the next year, analysts anticipate that the business will report earnings of $1.59 per share, with EPS estimates ranging from $1.55 to $1.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Owens & Minor.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.14). Owens & Minor had a negative net margin of 1.47% and a positive return on equity of 9.47%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion.
In related news, SVP Charles C. Colpo sold 12,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $16.31, for a total transaction of $195,720.00. Following the transaction, the senior vice president now directly owns 31,944 shares of the company’s stock, valued at $521,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles C. Colpo sold 11,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $16.87, for a total transaction of $185,570.00. Following the transaction, the senior vice president now directly owns 20,944 shares in the company, valued at $353,325.28. The disclosure for this sale can be found here. Insiders have sold 31,516 shares of company stock worth $513,288 over the last three months. 1.68% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OMI. Silvercrest Asset Management Group LLC bought a new position in shares of Owens & Minor during the first quarter valued at about $164,000. Itau Unibanco Holding S.A. bought a new position in shares of Owens & Minor during the second quarter valued at about $170,000. Xact Kapitalforvaltning AB bought a new position in shares of Owens & Minor during the first quarter valued at about $171,000. Bayesian Capital Management LP bought a new position in shares of Owens & Minor during the first quarter valued at about $181,000. Finally, Summit X LLC bought a new position in shares of Owens & Minor during the second quarter valued at about $181,000. 89.18% of the stock is currently owned by institutional investors.
Shares of Owens & Minor stock traded down $0.09 during trading hours on Friday, reaching $14.99. The company’s stock had a trading volume of 692,319 shares, compared to its average volume of 803,796. Owens & Minor has a one year low of $14.07 and a one year high of $29.36. The firm has a market capitalization of $939.76 million, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 2.18 and a beta of 1.03. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 2.08.
The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 17th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend was Friday, September 14th. Owens & Minor’s payout ratio is currently 64.60%.
Owens & Minor Company Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.
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