Equities research analysts expect that Owens & Minor, Inc. (NYSE:OMI) will announce sales of $2.52 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Owens & Minor’s earnings. The lowest sales estimate is $2.50 billion and the highest is $2.55 billion. Owens & Minor posted sales of $2.39 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The company is scheduled to issue its next earnings report on Wednesday, February 13th.

On average, analysts expect that Owens & Minor will report full-year sales of $9.81 billion for the current year, with estimates ranging from $9.80 billion to $9.84 billion. For the next financial year, analysts expect that the firm will report sales of $10.05 billion, with estimates ranging from $9.97 billion to $10.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Owens & Minor.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.54 billion. Owens & Minor had a positive return on equity of 9.50% and a negative net margin of 1.57%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS.

OMI has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $8.50 price target on shares of Owens & Minor in a research note on Friday, November 2nd. Leerink Swann set a $9.00 price target on Owens & Minor and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Bank of America downgraded Owens & Minor from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 31st. Finally, Barclays reiterated an “underweight” rating and set a $8.00 price target (down previously from $12.00) on shares of Owens & Minor in a research note on Thursday, November 1st. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Owens & Minor has a consensus rating of “Sell” and a consensus price target of $12.90.

Several hedge funds and other institutional investors have recently bought and sold shares of OMI. Itau Unibanco Holding S.A. acquired a new position in shares of Owens & Minor during the 2nd quarter worth about $170,000. Summit X LLC acquired a new position in shares of Owens & Minor during the 2nd quarter worth about $181,000. NumerixS Investment Technologies Inc lifted its position in shares of Owens & Minor by 74.6% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 11,000 shares of the company’s stock worth $189,000 after purchasing an additional 4,700 shares during the last quarter. Glen Harbor Capital Management LLC lifted its position in shares of Owens & Minor by 47.4% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 11,928 shares of the company’s stock worth $199,000 after purchasing an additional 3,836 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. acquired a new position in shares of Owens & Minor during the 2nd quarter worth about $206,000. 88.94% of the stock is owned by institutional investors and hedge funds.

Shares of OMI traded down $0.17 during trading hours on Friday, hitting $6.94. 1,694,800 shares of the company were exchanged, compared to its average volume of 1,135,851. The company has a market cap of $442.73 million, a PE ratio of 4.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.65. Owens & Minor has a 52 week low of $6.75 and a 52 week high of $22.91. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.88 and a current ratio of 1.71.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, December 14th. This represents a $0.30 annualized dividend and a dividend yield of 4.32%. Owens & Minor’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for Owens & Minor (NYSE:OMI)

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